Ganesh Benzoplast Limited has announced that its Board of Directors will convene on February 13, 2026, to review and approve the company's quarterly financial performance. The meeting has been scheduled in accordance with regulatory requirements under SEBI's listing obligations.

Board Meeting Details

The board meeting is scheduled to address several key agenda items related to the company's financial disclosure obligations. The primary focus will be on reviewing the financial performance for the recently concluded quarter.

Trading Window Restrictions

The company has implemented trading restrictions as part of its compliance framework. These measures are designed to prevent insider trading during sensitive periods when material information is being processed.

Regulatory Compliance

The board meeting announcement fulfills the company's obligations under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered. The company has duly notified both BSE Limited and National Stock Exchange of India Limited about the scheduled meeting.

Company Information

Ganesh Benzoplast Limited operates with its registered office located at Dina Building, 1st Floor, 53, Maharshi Karve Road, Marine Lines, Mumbai. The company trades on both major Indian stock exchanges with scrip ID 500153 on BSE and GANESHBE on NSE. The announcement was signed by Ekta Dhanda, Company Secretary & Compliance Officer, on February 5, 2026.

Ganesh Benzoplast Limited (GBL) has announced the termination of its joint venture for the JNPT LPG storage terminal project, citing evolving global and domestic LPG offtake outlook. The company has successfully concluded two significant transactions as part of this strategic move.

Joint Venture Termination Details

GBL, in agreement with BW Confidence Enterprise Private Limited (BWC) and Confidence Petroleum India Limited (CPIL), has mutually decided to end the joint venture. This decision comes after evaluating the project's viability in light of changing market dynamics.

Financial Transactions

As part of the termination process, GBL has completed two key financial transactions:

1. Share Transfer: GBL LPG Private Limited, a wholly-owned subsidiary of GBL, has sold its entire shareholding in GBC LPG Private Limited to BWC for Rs 46.60 million.

2. Non-Compete Fee: GBL received a non-compete fee of Rs 99.50 million from BW LPG Holding Pte. Ltd. to safeguard BW's strategic position in India.

The total value of these transactions amounts to Rs 146.1 million.

Strategic Implications

Despite the joint venture termination, GBL maintains that the JNPT land parcel remains a key strategic asset. The company has outlined its plans for the site:

1. Initiation of construction for additional storage tanks to increase capacity by approximately 1,00,000 KL.
2. Utilization of the remaining land for ammonia and chemical storage.
3. Reservation of a portion of the land for future expansion of LPG, ammonia, or liquid cargo facilities.

Financial Performance Context

To provide context on GBL's financial position, here's a snapshot of the company's recent performance:

The company has shown strong year-over-year growth in key financial metrics, which may provide a solid foundation for its strategic decisions and future investments.

GBL's decision to exit the joint venture while retaining the strategic JNPT land asset demonstrates the company's adaptability to changing market conditions. The additional financial inflow from the transactions may support GBL's plans for expanding its storage capacity and diversifying its operations at the JNPT site.