Disclosure dated February 24, 2026 in Form-C From Mr. Sanjay Kanoria and Mr. Sandeep Kanoria forming part of Promoter/ Promoter Group of the Company for acquisition of Equity Shares of ....
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Mr. Sandeep Kanoria, part of the promoter group, gifted 4,32,000 equity shares (4.00% of paid-up capital) of Ganga Papers India Ltd to his real brother Mr. Sanjay Kanoria on February 23, 2026. As a result, Sandeep Kanoria's holding fell from 20.76% to 16.76%, while Sanjay Kanoria, who previously held nil shares, now holds 4.00% in the company. Both have filed Form-C disclosures under SEBI's Insider Trading Regulations, and the company has submitted these to BSE. Since both are promoter group members, the total promoter group shareholding in the company remains unchanged — it is purely an internal reallocation within the family.
No change in total promoter ownership or control of the company; existing shareholders are unaffected. This is a personal family arrangement between two promoter-group brothers and is unlikely to have any material impact on the stock price or minority shareholders.