Disclosure as per SEBI (LODR) 2015 for the Resignation of Independent Director and Change in Chairman of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 9.6 pts more than Nifty Microcap 250 and 9.4 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ganga Papers India Ltd has announced three board changes effective March 20, 2026. Mr. Ramesh Kumar Chaudhary, who is related to the promoter (father of Promoter Mr. Amit Chaudhary), stepped down as Chairperson due to pre-occupation but will continue as a Non-Executive & Non-Independent Director. Mr. Manish Kumar (DIN: 10379153), a Non-Executive & Non-Independent Non-Promoter Director aged 46 with 19 years of marketing experience, has been appointed as the new Chairperson. Separately, Independent Director Mr. Ratan Kumar Singh (DIN: 07131585) resigned citing health reasons and confirmed there are no other material reasons for his departure. The company is a small-cap entity listed on BSE under scrip code 531813.
The chairmanship has moved from a promoter-family member to an independent non-promoter director, which could be viewed positively on the governance front. However, the loss of an independent director weakens the board's independence, and shareholders should watch for timely appointment of a replacement independent director to comply with SEBI norms.