Gujarat Gas Limited has announced the resignation of Managing Director Milind Torawane, IAS (DIN: 03632394), following his transfer and appointment as Principal Secretary to Government, Education Department (Primary & Secondary Education). According to reports from Scanx Trade, the resignation was consequent to GAD Notification no. AIS/35.025/56/G dated December 23, 2025. This latest development adds to the recent board changes at the gas distribution company, which also saw the resignation of Director Shri S.J. Haider, IAS (Retd.) effective January 1, 2026 following his superannuation from government service.
Gujarat Gas Limited had earlier announced the resignation of Director Shri S.J. Haider, IAS (Retd.), effective January 1, 2026. The resignation came as a result of his superannuation from government service, marking the end of his tenure with the gas distribution company. S.J. Haider, an IAS officer holding Director Identification Number (DIN) 02879522, submitted his resignation with immediate effect following his superannuation on December 31, 2025. Company Secretary Sandeep Dave digitally signed the official intimation on January 1, 2026, confirming the board change under communication reference GGL/SEC/2026/1525.
Despite the leadership transitions, Gujarat Gas Ltd shares have shown positive momentum, gaining for a third straight session. According to latest market data, the stock is trading at ₹419.65, up 1.81% on the day as of 12:49 IST on the NSE. The stock has gained around 4.07% in the last one month, outperforming the broader market indices. The Nifty Energy index, of which Gujarat Gas is a constituent, has gained around 0.02% in the last one month and is currently quoting at 35,325.65, up 0.4% on the day. Trading volume stood at 3.67 lakh shares, compared to the daily average of 5.06 lakh shares in the last one month.
The resignation of S.J. Haider followed Notification No. AIS/13.2025/38851G issued by the Government of Gujarat's General Administrative Department (GAD), Sachivalaya, Gandhinagar, dated December 31, 2025. This notification officially confirmed Haider's superannuation from government service, necessitating his resignation from the company's board. Similarly, Torawane's resignation was formalized through GAD Notification no. AIS/35.025/56/G dated December 23, 2025 regarding his transfer to the Education Department. Both resignations represent routine transitions following changes in government service assignments, with proper regulatory procedures being followed for the board composition changes.
Looking ahead, Gujarat Gas Limited is scheduled to hold a meeting of the Board of Directors on January 20, 2026 to announce quarterly results. This board meeting will be crucial as the company navigates the recent leadership changes while presenting its financial performance. The company maintains its operations in the natural gas distribution sector as part of the GSPC Group, a Government of Gujarat undertaking, with corporate office in Gandhinagar and registered office at Gujarat Gas CNG Station, Sector-5/C, Gandhinagar.
