Ganon Products Limited has formally announced the resignation of its Chairman and Director, Mr. Madanlal Goyal, through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation became effective from the close of business hours on February 27, 2026, with the company completing all necessary compliance procedures on February 28, 2026.

Resignation Details and Regulatory Filing

Mr. Madanlal Goyal (DIN: 00456394) submitted his resignation letter on February 27, 2026, citing personal reasons and other professional commitments that prevent him from devoting sufficient time to company affairs. The formal intimation was filed with BSE Limited under scrip code 512443, ensuring full regulatory compliance.

Board Actions and Compliance Framework

The Board of Directors convened on February 28, 2026, from 10:30 A.M. to 11:00 A.M. to formally approve the resignation. Managing Director Abhijeet Kacharu Jagtap (DIN: 10915468) signed the regulatory filing, ensuring continuity in leadership communication and proper documentation of the transition.

Resignation Letter and Stakeholder Message

In his resignation letter addressed to the Board of Directors, Mr. Goyal confirmed that there are no material reasons other than those mentioned for his resignation and no circumstances requiring disclosure under the Companies Act, 2013 or SEBI (LODR) Regulations, 2015. He requested the Board to take note of his resignation, file necessary e-forms with the Registrar of Companies, and make required stock exchange disclosures.

Transition and Future Outlook

Mr. Goyal expressed sincere gratitude to the Board, Management, employees, shareholders and other stakeholders for their trust, cooperation and support during his tenure. He wished the company continued success in all future endeavors. The company has maintained full regulatory compliance throughout the transition process, with all required filings completed as per SEBI guidelines and the resignation formally documented in accordance with corporate governance standards.

Kamla Business Ventures Private Limited has filed a regulatory disclosure with BSE Limited regarding the disposal of 1,50,000 equity shares of Ganon Products Limited. The transaction was completed on February 26, 2026, through open market sale, with the disclosure submitted on the same date.

Transaction Details

The share disposal represents a significant reduction in Kamla Business Ventures' stake in Ganon Products Limited. The transaction details are summarized below:

Shareholding Pattern Changes

The disposal has resulted in a notable change in Kamla Business Ventures' shareholding pattern in Ganon Products Limited:

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kamla Business Ventures Private Limited, identified as belonging to the promoter group, submitted the required documentation to BSE Limited where Ganon Products Limited shares are listed under scrip code 512443.

Company Information

Ganon Products Limited maintains an equity share capital of 9,33,10,000 shares. The company's shares are traded on BSE Limited, and the recent transaction reflects ongoing promoter group activity in the stock. Kamla Business Ventures Private Limited, based in Mumbai at Flat No. 405 Fourth Floor C Wing Shubham Avenue CHS Ltd., Pant Nagar Ghatkopar East, continues to hold a significant stake of 15.36% in the company post-disposal.

The transaction documentation confirms that no encumbrances, voting rights other than shares, or convertible securities were involved in this disposal. The seller has provided all necessary certifications and stamps as required under regulatory guidelines.