Ganon Products News

Ganon Products Chairman Madanlal Goyal Resigns

Ganon Products Limited announces resignation of Chairman and Director Mr. Madanlal Goyal effective February 27, 2026, citing personal reasons and professional commitments.

Kamla Business Ventures sells 1.25 lakh Ganon shares

Kamla Business Ventures Private Limited disposed of 1,25,000 equity shares of Ganon Products Limited through open market sale on February 18, 2026, reducing its stake from 18.29% to 16.96%.

Ganon Products: Promoter Reduces Stake to 19.69%

Kamla Business Ventures disposed of 93,031 shares through open market sale on December 12, 2025, reducing promoter holding from 20.96% to 19.69% in Ganon Products Limited.

Ganon Products Limited Reports Quarterly Financial Results with Outstanding Receivables Concerns

Ganon Products Limited's Board approved unaudited financial results for the second quarter and six months ended September 30, 2025. The company reported net profit of ₹14.10 lakhs for the quarter compared to ₹1.61 lakhs in the previous quarter. However, auditors highlighted significant concerns including ₹79.47 lakhs in outstanding trade receivables, with ₹18.97 lakhs from Ruchi Cotton Fibers (outstanding since November 2024) and ₹60.51 lakhs from Mangalmurty Cotspin (outstanding since March 2024). The company has defaulted on statutory dues totaling over ₹25 lakhs, with some payments pending since March 2023. Trade payables increased substantially to ₹41,267 lakhs from ₹953.11 lakhs in the previous year. The auditors noted uncertainty about concrete steps being taken to recover outstanding amounts and raised concerns about interest-free loans advanced by the company.

Ganon Products Limited Approves Unaudited Q1 Financial Results for Quarter Ended June 30, 2025

Ganon Products Limited's Board of Directors approved the unaudited financial results for the first quarter ended June 30, 2025, during a meeting held on August 13, 2025. The board meeting, which lasted from 12:30 PM to 4:15 PM, also approved a Limited Review Report from the company's statutory auditor. The company disclosed zero outstanding amounts for loans, revolving facilities from banks, unlisted debt securities, and total financial indebtedness. Ravindra Haribhau Gopale, Whole-time Director and CFO, signed the regulatory submission to BSE Limited.