Ganga Papers India Limited announced significant leadership changes through its revised regulatory filing to BSE Limited on March 21, 2026. The company disclosed key appointments and resignations that took effect on March 20, 2026, following decisions made at the Board of Directors meeting held on the same date.

Revised Regulatory Filing and Compliance

The company submitted a revised disclosure following an email from BSE Limited dated March 21, 2026, highlighting that the initial disclosure regarding resignation of Independent Director did not contain the required details of listed entities in which the resigning director holds directorships. The revised filing confirms that the resigning director does not hold directorship in any other listed entity, in compliance with SEBI Circular dated November 11, 2024.

Chairperson Transition and New Appointment

The board approved a change in the company's chairperson position effective March 20, 2026. Mr. Ramesh Kumar Chaudhary relinquished his position as Chairperson due to pre-occupation and increasing professional commitments, while continuing to serve as a Non-Executive & Non-Independent Director.

Mr. Manish Kumar, aged 46 years, was appointed as the new Chairperson. He brings substantial experience with more than 19 years in marketing and holds a BA LL.B. degree from Jai Prakash University, Chapra, Bihar. He serves as a Non-Executive and Non-Independent Director and is classified as a Non-Promoter Director.

Independent Director Resignation

Mr. Ratan Kumar Singh resigned from his position as Independent Director effective March 20, 2026, citing health reasons. The company confirmed through his resignation letter dated March 15, 2026, that there are no other material reasons for his resignation beyond those stated. The revised filing specifically confirms that Mr. Ratan Kumar Singh does not hold directorship in any other listed entity.

Regulatory Compliance and Documentation

The changes were made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive disclosures including formal consent from Mr. Manish Kumar dated March 17, 2026, accepting the chairperson position, and intimation from Mr. Ramesh Kumar Chaudhary dated March 16, 2026, regarding relinquishment of his chairperson role.

The filing includes detailed annexures covering resignation details, cessation of chairperson position, and appointment of new chairperson with complete biographical information and relationship disclosures. The information has been made available on the company's website and communicated to BSE Limited with all required supporting documents as mandated under SEBI regulations.

Ganga Papers India Limited has announced a significant inter-se share transfer between promoter group members, involving the gift of 4,32,000 equity shares representing 4.00% of the company's total paid-up capital. The transaction was completed on February 23, 2026, between brothers Sandeep Kanoria and Sanjay Kanoria, both part of the company's promoter group.

Transaction Details

The share transfer involved Sandeep Kanoria gifting his equity shares to his brother Sanjay Kanoria through an off-market inter-se transfer mechanism. The transaction details are summarized below:

Impact on Shareholding Pattern

The transaction has resulted in changes to the shareholding pattern of both promoter group members:

Regulatory Compliance

The company has fulfilled its regulatory obligations by filing the necessary disclosures under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure forms were submitted on February 24, 2026, and communicated to BSE Limited where the company's shares are listed under scrip code 531813.

Company Secretary and Compliance Officer CS Yash Mishra has confirmed that the disclosures have been made available on the company's website at www.gangapapers.in . The transaction represents a family arrangement within the promoter group and does not involve any change in the overall promoter group shareholding in the company.

About the Promoters

Sandeep Kanoria, based in Pune, Maharashtra, continues to remain a significant promoter group member with an 11.84% stake post-transaction. Sanjay Kanoria, residing in Varanasi, Uttar Pradesh, has now become a direct shareholder in the company with a 4.00% stake. Both individuals are part of the promoter group and the transaction maintains the shares within the same group structure.