Announcement • May 27
GSP Crop Science Limited Announces Management Changes
GSP Crop Science Limited had, at its board meeting held on May 26, 2026, approved the re-designation of Mr. Shail Jayesh Shah (DIN: 07543594) from Whole Time Director and Chief Financial Officer (CFO) designated as Executive Director- Finance and CFO to Whole Time Director designated as Executive Director- Strategy and Corporate Affairs with effect from June 1, 2026. Mr. Shail Jayesh Shah ceased to be Chief Financial Officer of the Company with effect from close of business hours on May 31, 2026, and continued as Whole-Time Director designated as Executive Director - Strategy and Corporate Affairs. Mr. Shail Jayesh Shah is the Whole-Time Director designated as an Executive Director and Chief Financial Officer of Company. He holds a bachelor's degree in commerce from H.L Institute of Commerce, Gujarat University. He was admitted as an associate of the Institute of Chartered Accountants of India. He has passed the final examination for diploma in Information System Audit from Institute of Chartered Accountants of India. He was a founding partner of a chartered accountancy firm, Mis. Shail J. Shah and Associates. He has been associated with Company since 2013 and is involved in handling accounting, finance & treasury, taxation, legal, secretarial and information technology at Company. He has over 14 years of experience in the agro-chemical industry. Based on the recommendation of the Nomination and Remuneration Committee and Audit Committee; the Board of Directors has approved the appointment of Mr. Pranav Chitre as Key Managerial Personnel of the Company with effect from June 1, 2026. Mr. Pranav Avinash Chitre is a seasoned finance professional with over 21 years of extensive experience in finance, treasury, fundraising, investor relations, strategic finance, risk management, and business controllership across listed companies, multinational corporations, and promoter-driven organizations. He is a qualified Chartered Accountant (CA), Cost & Financial Management professional (CFM), and holds a Master of Commerce (M.Com) degree. He has previously worked with reputed organizations such as Udaipur Cement Works Ltd. (served as the Chief Financial Officer), part of the JK Group, Novartis India, HSBC, Linde Engineering India Pvt. Ltd., and CPL Biologicals Pvt. Ltd. Mr. Chitre possesses strong expertise in IND AS, IFRS, budgeting, treasury, mergers & acquisitions, ERP implementation, and strategic business transformation. He is also recognized for driving financial governance, operational efficiencies, and performance-oriented finance functions, supported by significant international exposure and leadership development from IIM Bangalore.
