Libas Consumer Products Limited has informed the Exchange regarding Notice of undefined to be held on Jun 25, 2025
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Libas Consumer Products has sent a Postal Ballot Notice to shareholders seeking approval through remote e-voting for three resolutions. The first is to elevate Mr. Riyaz Ganji from Joint Managing Director to Managing Director for a 5-year term (April 8, 2025 to April 7, 2030) with a salary not exceeding Rs. 12 lakh per annum, after Mrs. Reshma Ganji resigned as MD effective March 31, 2025. The second is to appoint Mr. Aman Ganji (son of Riyaz Ganji) as a Non-Executive Director with effect from April 8, 2025. The third is to re-appoint Mr. Ashish Dubey as an Independent Director for a second 5-year term from June 18, 2025 to June 17, 2030. E-voting runs from May 27, 2025 to June 25, 2025, with results to be announced by June 27, 2025.
These are routine board-level changes with no immediate financial impact on shareholders. Riyaz Ganji consolidates control as the sole MD, while his son joins the board as a non-executive director — investors may note the increased promoter family presence on the board. The independent director reappointment supports continuity in governance.