Gujarat State Financial Corporation announced that in compliance with Regulation 30 read with Part A(7) of Schedule III as also Regulation 36 (3) of SEBI (Listing Obligations and Disclosure Requirements), 2015, it is hereby informed that pursuant to Notification No. AIS/35.2019/30/G dated 30th August, 2019 read with Order No. AIS/35.2009/3/G dated 29th April, 2017 of Government of Gujarat in General Administration Department, Dr. Rahul B Gupta, IAS, took over the additional charge of the post of Managing Director of the Corporation with effect from 5th September, 2019 (BN) in place of Smt.

Mamta Verma, IAS. Consequently, Dr. Rahul B Gupta, IAS, Managing Director, automatically became member of Audit Committee and Stakeholders Relationship Committee of the Corporation. Smt.

Mamta Verma, IAS shall continue to be a Director on the Board of the Corporation in accordance with Notification No. GU--2015(28)/GFC/1897/128/P dated 29th June, 2015 of Government in Industries and Mines Department.