Ahmedabad: Gujarat Mineral Development Corporation Limited (GMDC) has appointed Prof. Amit Karna as an Additional Independent Director on its Board of Directors, effective October 21, 2026. The appointment also includes his induction as a member of the company’s Audit Committee.
The appointment was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It is subject to shareholder approval in compliance with the SEBI LODR Regulations and the Companies Act, 2013.
Prof. Karna will serve for five consecutive years and will not be liable to retire by rotation.
Prof. Amit Karna’s Appointment to GMDC Board
As part of his new responsibilities, Prof. Karna will contribute to GMDC’s board-level oversight and serve on its Audit Committee. His appointment brings academic and professional expertise in strategic management, innovation and entrepreneurship to the company’s governance structure.
GMDC has confirmed that Prof. Karna is not related to any of the company’s directors, promoters or key managerial personnel, as defined under Regulation 2(1)(zb) of the SEBI LODR Regulations.
The company has also confirmed that he has not been debarred from holding the office of director by any order issued by the Securities and Exchange Board of India (SEBI) or any other authority.
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Prof. Amit Karna’s Role at IIM Ahmedabad
Prof. Amit Karna is a Professor of Strategy at the Indian Institute of Management Ahmedabad (IIMA), where he has been a faculty member since 2014. He currently serves as Dean, Alumni and External Relations at IIMA, a position he assumed on June 5, 2026. He is also a member of the institute’s Board of Governors.
His academic qualifications include a Ph.D. in Strategy from IIMA, which he completed through the institute’s Fellow Programme in Management between 2004 and 2009.
Before joining IIMA, Prof. Karna worked as an Assistant Professor at EBS Business School in Germany from 2009 to 2014. He has also served as a visiting scholar at the Haas School of Business, University of California, Berkeley, and the University of Sydney Business School.
Leadership Experience in Strategy and Entrepreneurship
During his tenure at IIMA, Prof. Karna has held several important academic and administrative leadership positions. He has chaired the Centre for Innovation, Incubation and Entrepreneurship (CIIE), now known as IIMA Ventures, and led the Business Policy (Strategy) Area.
His previous responsibilities at the institute also include overseeing placements and leading the One Year MBA Programme, known as the Post Graduate Programme in Management for Executives (PGPX).
His areas of expertise include strategic management, technology and innovation management, and entrepreneurship. His research focuses on dynamic capabilities, innovation and international strategy.
Prof. Karna has also advised government bodies and private sector organisations on strategy and management matters, bringing experience across academia, institutional leadership and organisational development.
Five-Year Term Subject to Shareholder Approval
Prof. Karna’s appointment as Additional Independent Director is effective October 21, 2026, for a term of five consecutive years, subject to shareholder approval. He will not be liable to retire by rotation during his tenure.
His appointment and inclusion in the Audit Committee form part of GMDC’s board and committee structure. The company has disclosed the appointment in accordance with applicable SEBI listing requirements.
About Gujarat Mineral Development Corporation (GMDC)
Gujarat Mineral Development Corporation Limited (GMDC) is a Gujarat government-owned public sector enterprise engaged in mineral exploration and mining. Established in 1963, the company operates in the mining and mineral development sector, with key activities involving lignite, bauxite, fluorspar and other minerals. GMDC plays an important role in supporting Gujarat’s industrial development by supplying mineral resources to various industries.
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