Announcement in Regulation 30 for Resignation of Mr. Madanlal Goyal as Chairperson and Director of the Company
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Ganon Products Ltd has informed BSE that Mr. Madanlal Goyal (DIN: 00456394) has resigned from his position as Chairman and Director of the company, effective from the close of business hours on 27th February 2026. In his resignation letter, Mr. Goyal cited personal reasons and other professional commitments that prevent him from giving sufficient time to the company's affairs. The company has stated there are no material reasons behind his departure beyond what has been disclosed. The intimation was signed by Managing Director Abhijeet Kacharu Jagtap on 28th February 2026. Mr. Goyal did not hold directorships in any other listed entity as per the disclosure.
This is a leadership change at the board level with no stated governance concerns or material issues, which suggests a routine personal decision rather than a red flag; shareholders should monitor for any follow-up appointment of a new Chairman and Director.