Libas Consumer Products Limited has informed the Exchange about Action(s) initiated or orders passed
LIBAS · price
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The Bombay High Court has issued a Non-Bailable Warrant (NBW) against Mr. Riyaz Ganji, the Promoter and Managing Director of Libas Consumer Products Limited. The warrant was issued due to his non-appearance at a court hearing on April 2, 2026, in a legal matter involving G S Majestic Developers Pvt. Ltd. and Libas Consumer Products Limited. The Court has directed Mr. Ganji to appear at the next scheduled hearing on April 27, 2026. This disclosure follows an earlier announcement made by the company on August 16, 2021, regarding the same matter.
This is a negative development as it involves the company's own Managing Director facing a court-issued warrant for non-appearance. While it pertains to a separate civil matter, it raises governance concerns and could impact investor confidence in the company's leadership.