Gujarat Craft Industries Ltd — Updates, 07-07-2025: Company Update

Gujarat Craft Industries Limited has announced the sudden demise of its Chairman & Managing Director (Promoter), Mr. Ashok Chhajer, who held 14.03 lakh equity shares in the company. Mr. Chhajer’s visionary leadership was central to the company’s growth and success. The board and management expressed their commitment to ensuring smooth operations and continuing the company's legacy. Following his passing, he ceases to be part of the Promoter/Promoter Group. This marks a significant leadership change, impacting stakeholders and the company’s strategic direction.