Pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the meeting ....
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The Board of Directors of Ganga Papers India Ltd met on March 20, 2026, and approved two key changes. First, Mr. Ramesh Kumar Chaudhary, who is related to the promoter group (father of promoter Mr. Amit Chaudhary), stepped down as Chairperson due to pre-occupation but will continue as a Non-Executive Director. Second, Mr. Manish Kumar (DIN: 10379153), an existing Non-Executive, Non-Independent, Non-Promoter Director aged 46 with 19 years of marketing experience, was appointed as the new Chairperson. Additionally, Independent Director Mr. Ratan Kumar Singh (DIN: 07131585) resigned from the Board effective March 20, 2026, citing health reasons, with no other material reasons disclosed.
The shift of the Chairperson role from a promoter-family member to a non-promoter director may be seen as a move towards more independent leadership. However, the resignation of an Independent Director reduces board oversight, and the company will need to appoint a replacement to comply with SEBI's minimum independent director requirements, which could be watched by governance-focused investors.