Ganesh Consumer Products Limited has informed the Exchange regarding Resignation of Mr. Sunil Rewachand Chandiramani as Independent Director of the company from the close of business hours on March 16, 2026.
GANESHCP · price
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Two directors of Ganesh Consumer Products Limited resigned with effect from the close of business hours on March 16, 2026. Mr. Sunil Rewachand Chandiramani stepped down as Independent Director; he also chaired the Audit Committee, Risk Management Committee, and Nomination & Remuneration Committee, and had been on the board since 2018. Mr. Rohit Brijmohan Mantri resigned as Non-Executive Non-Independent Director and will also step off all board committees. Both cited personal/professional reasons (pursuing other opportunities and increased professional commitments respectively), with neither director flagging any governance concerns. The board recorded appreciation for their contributions. Mr. Chandiramani continues as an Independent Director at four other listed companies including Rupa & Company, Sapphire Foods, Updater Services, and Kalpataru Limited.
The simultaneous exit of two directors, including the chair of the audit committee, creates short-term governance gaps that the company will need to fill quickly to comply with listing and audit committee composition requirements. Reasons cited are routine and not dispute-related, so impact on the stock is expected to be limited, but watch for timely appointment of replacements.