Gujarat Terce Laboratories has clarified an earlier announcement regarding the re-appointment of its Managing Director & CEO, Mr. Aalap Prajapati.

An initial notice incorrectly stated his tenure as five years.

The company confirmed the correct re-appointment period is for three years, from October 28, 2026, to October 27, 2029. Shareholders at the 41st Annual General Meeting have approved this three-year term, providing clear visibility on leadership tenure.