We hereby submitting the Annual Report for FY 2024-25
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Ganon Products Ltd (formerly Ganon Trading and Finance Company Ltd, BSE Scrip Code: 512443) has submitted its 40th Annual Report for FY 2024-25 along with the notice of its Annual General Meeting (AGM) scheduled for September 30, 2025 at 4:00 PM via video conferencing. The AGM will consider adoption of audited financials for the year ended March 31, 2025, re-appointment of Whole-time Director Ravindra Gopale, and appointment of M/s Vijay Darji & Associates as Statutory Auditors in a casual vacancy until the FY 2030-31 AGM. The notice also seeks shareholder approval to alter the Main Object Clause of the Memorandum of Association to add new businesses including real estate development, construction contracting, and wholesale/retail trading of goods, marking a major diversification. Additionally, several directors (Rashmi Ranjeet Kumar, Anand Mahadevan, Tanmay Karwal, Abhijeet Jagtap) are being regularised, with Mr. Abhijeet Kacharu Jagtap being appointed as Managing Director for 5 years at a salary of Rs. 6 lakh per annum, and HRU & Associates being appointed as Secretarial Auditor for a 5-year term.
The key shareholder event is the proposed diversification of the company into real estate, construction, and general trading — a significant shift from its current scope that requires approval by special resolution. Shareholders should review the proposed new business activities, the change in statutory auditors, and the appointment of a new Managing Director before voting at the September 30, 2025 AGM.