Ganon Products Chairman Madanlal Goyal Resigns Due to Personal Reasons
Ganon Products Limited has formally announced the resignation of its Chairman and Director, Mr. Madanlal Goyal, effective February 27, 2026. The resignation was communicated to BSE Limited under SEBI regulations, with Mr. Goyal citing personal reasons and professional commitments as factors preventing him from dedicating adequate time to company affairs. The company has ensured full regulatory compliance with all necessary filings and disclosures.
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Ganon Products Limited has announced a significant leadership change with the resignation of its Chairman and Director, Mr. Madanlal Goyal. The company formally communicated this development to BSE Limited under the regulatory framework governing listed entities.
Resignation Details
Mr. Madanlal Goyal (DIN: 00456394) tendered his resignation from the position of Chairman and Director with effect from the close of business hours on February 27, 2026. The resignation was announced through a formal intimation to BSE Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Madanlal Goyal |
| DIN: | 00456394 |
| Position: | Chairman and Director |
| Effective Date: | February 27, 2026 |
| Reason: | Personal reasons and professional commitments |
| Scrip Code: | 512443 |
Reasons for Resignation
In his resignation letter dated February 27, 2026, Mr. Goyal explained his decision to step down from the board. He cited personal reasons and other professional commitments as the primary factors, stating that he was unable to continue devoting sufficient time to the affairs of the company. The departing Chairman emphasized that he deemed it appropriate to step down from his position under these circumstances.
Regulatory Compliance and Documentation
The company has ensured full compliance with regulatory requirements regarding the leadership change. The formal intimation was filed under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Goyal confirmed in his resignation letter that there are no material reasons other than those mentioned for his resignation. He further stated that there are no other circumstances requiring disclosure under the applicable provisions of the Companies Act, 2013 or the SEBI (LODR) Regulations, 2015.
| Regulatory Requirement: | Status |
|---|---|
| SEBI Regulation 30 Compliance: | Filed |
| BSE Intimation: | Completed |
| Resignation Letter: | Submitted February 27, 2026 |
| Board Notification: | Pending ensuing meeting |
Transition Process
In his resignation letter, Mr. Goyal requested the Board to take several actions to ensure a smooth transition. These include taking note of his resignation and placing it before the Board in the ensuing meeting, filing the necessary e-forms with the Registrar of Companies, and intimating the Stock Exchanges with necessary disclosures as required under Regulation 30 of SEBI (LODR) Regulations.
The announcement was signed by Abhijeet Kacharu Jagtap, Managing Director (DIN: 10915468), on February 28, 2026, from Mumbai. Mr. Goyal expressed gratitude to the Board, Management, employees, shareholders and other stakeholders for their trust, cooperation and support during his tenure, while wishing the company continued success in its future endeavors.
Historical Stock Returns for Ganon Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.64% | -1.57% | -5.77% | +19.63% | +97.26% | +42.38% |
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