Change in Director / Key Managerial Personnel

  • Nature of change: Appointment of new Managing Director and cessation of previous Managing Director
  • Appointee details: Shri Ajay Bhadoo, IAS (Indian Administrative Service officer)
  • Effective date: September 29, 2026 (assumed charge on this date)
  • Previous MD: Shri Roopwant Singh, IAS ceased to be Managing Director effective September 29, 2026
  • Appointment authority: Notification No. AIS/35.2026/39/Ser.(I) dated September 28, 2026 issued by the General Administration Department, Government of Gujarat

Brief Profile and Qualifications:

  • Indian Administrative Service officer of the 1999 batch of the Gujarat cadre
  • Over two decades of experience in public administration, policy formulation and implementation
  • Holds a degree in Civil Engineering
  • Master's degree in Business Law from the National Law School of India University, Bengaluru

Previous Senior Positions:

  • Deputy Election Commissioner at the Election Commission of India
  • Joint Secretary to the former President of India
  • Secretary to former Chief Minister of Gujarat
  • Vice Chairman & Chief Executive Officer of the Gujarat Maritime Board
  • Commissioner of Rajkot and Vadodara Municipal Corporations
  • Additional Secretary in the Department of Commerce, Government of India
  • Chief Executive Officer of Government e Marketplace (GeM)

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
  • Shri Ajay Bhadoo is not related to any Director of the Company
  • Confirmation that he has not been debarred from holding the office of Director by virtue of any SEBI order or any other such authority
  • All requisite disclosures made as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026

Company Details:

  • Date of Disclosure: September 29, 2026