¨     Uday Kotak appointed Chairman of GIFT City Company.

¨     Industrialist and banker Uday Suresh Kotak has been appointed Chairman of Gujarat International Finance Tec-City Company Limited (GIFT City Co. Ltd.).
¨     The appointment was made through a Government of Gujarat resolution dated February 13, 2026.
¨     He has replaced Hasmukh Adhia, who had been serving as Non-Executive Chairman since June 2023.
¨     The appointment has been made with immediate effect until further orders.
¨     Uday Kotak is the founder and director of Kotak Mahindra Bank and has led the group’s growth for nearly four decades.
¨     He previously served as Managing Director and CEO of the bank until September 1, 2023.
¨     Thereafter, he assumed the role of Non-Executive Non-Independent Director from September 2, 2023.
¨     GIFT City in Gujarat is India's first operational smart city and hosts India's first and only International Financial Services Centre (IFSC).