Gujarat State Financial Corporation (GSFC) informed that K R Balasubramaniyan, Director representing LIC of India on the Board of GSFC will be resigning from the Board, in view of his transfer. The company informed that as per Section 10(d) of the SFC'c amendment Act 2000, it has been decided by the corporation to nominate S Mehta, Sr. Divisional Manager, LIC of India, Gandhinagar as a Director, to represent LIC on the Board of Gujarat State Financial Corporation (GSFC).