Announced Sat, 21 Mar · 14:01 IST

Disclosure under Reg 30 SEBI (LODR) 2015, for the Resignation of Independent Director & Change in Chairman of the company.

Management Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹71.10
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-0.1-0.1-0.1-3.6-3.6
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AI summary

Ganga Papers India Ltd announced board changes effective March 20, 2026. Mr. Ramesh Kumar Chaudhary stepped down as Chairperson due to pre-occupation but will continue as a Non-Executive & Non-Independent Director; he is the father of promoter Mr. Amit Chaudhary. Mr. Manish Kumar (DIN: 10379153), an existing Non-Executive & Non-Independent, Non-Promoter Director, has been appointed as the new Chairperson. Separately, Mr. Ratan Kumar Singh (DIN: 07131585), Independent Director, resigned citing health reasons and confirmed no other material reasons for his exit. The disclosures are filed under Regulation 30 of SEBI LODR 2015.

Likely market impact

The Chairperson change is an internal reshuffle with the former Chairman remaining on the board, so governance continuity is largely preserved. The resignation of an Independent Director reduces the independent oversight on the board; investors should watch for timely appointment of a replacement to maintain compliance with board composition norms.