Ganga Papers India Ltd disclosed that promoter Sandeep Kanoria gifted 4,22,750 equity shares, representing 3.92% of the total paid-up capital, to his brother Sanjay Kanoria on June 29, 2026. The transaction was executed as an off-market inter-se transfer, according to disclosures filed in Form C under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Prior to the transfer, Sandeep Kanoria held 11.84% of the company's equity shares. Following the disposal of 3.92% via gift, his stake has reduced to 7.92%. The recipient, Sanjay Kanoria, who is also part of the promoter group, saw his shareholding increase from 4.00% to 7.92% post-acquisition.

The company submitted the necessary disclosures to BSE Limited on June 30, 2026. The filing confirmed that the transaction involved equity shares of Rs. 10 each and did not involve any monetary consideration, as it was structured as a gift between immediate relatives within the promoter group.

Shareholding Details

The disclosures were signed by Amit Chaudhary, Chief Financial Officer of Ganga Papers India Ltd . The company noted that the information is also available on its official website.

Ganga Papers India Limited reported a net profit of ₹159.87 lakh for the financial year ended March 31, 2026, reflecting a 3% increase from ₹155.27 lakh in the previous year. Revenue from operations for FY26 rose to ₹2,802.36 crore, compared to ₹2,576.91 crore in FY25. The company's Board of Directors approved the annual audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

The audited financial results were reviewed by the Audit Committee and approved by the Board. The statutory auditors, M/s Ram K Raj & Associates, issued an audit report with an unmodified opinion, confirming that the financial statements present a true and fair view of the company's financial position and performance. The basic and diluted earnings per share (EPS) for FY26 stood at ₹1.66, up from ₹1.44 in the previous year.

Financial Performance

The company's total income for FY26 increased to ₹2,804.08 crore from ₹2,580.72 crore in the prior year. Total expenses for the year amounted to ₹2,781.52 crore, compared to ₹2,560.24 crore in FY25. Profit before tax for the year was ₹225.59 lakh, slightly higher than the ₹204.82 lakh recorded in the previous year.

Board Decisions

During the meeting, the Board approved the re-appointment of Mr. Vidya Shankar Dwivedi as the Internal Auditor of the company for the financial year 2026-27, pursuant to Section 138 of the Companies Act, 2013. Mr. Dwivedi, a graduate in B.Sc. with 46 years of corporate experience, has been with the company since 2006 and currently serves as General Manager. Additionally, the Board accepted the resignation of CS Yash Mishra from the position of Company Secretary and Compliance Officer, effective June 10, 2026.

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons and their immediate relatives, which was closed since April 1, 2026, will reopen 48 hours after the declaration of the financial results. The meeting commenced at 3:30 P.M. and concluded at 5:00 P.M.