Announcement under Regulation 30 for change in MOA
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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 1.8 pts less than Nifty Microcap 250 and 0.9 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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At a shareholders' meeting on September 30, 2025, Ganon Products Ltd approved several corporate actions. Mr. Abhijeet Kacharu Jagtap was regularised as Managing Director for a 5-year term, having previously served as Additional Executive Director. Two new directors were regularised: Mr. Anand Mahadevan as Non-Executive Independent Director and Mr. Tanmay Ashok Karwal as Non-Executive Non-Independent Director, while Mrs. Rashmi Ranjeet Kumar was appointed as a new Additional Non-Executive Independent Director. M/s. HRU & Associates was re-appointed as Secretarial Auditor and Vijay Darji & Associates was appointed as Statutory Auditor, both for 5-year terms. The company also amended its main object clause and altered its Memorandum of Association.
The reshuffle formalises the board structure and brings in new auditors, which is routine governance housekeeping. The change in main object via MOA alteration could signal a shift in the company's business focus, which shareholders should monitor for clarity in the coming quarters.