500153

Current scenario - Ganesh Benzoplast divested its liquid tank farm (LST) business at JNPA, Goa, Cochin, and JNPA-linked rail business for a total compensation of INR1,154 crores. - The divestment proceeds will be received in tranches, with approximately INR500 crores before January 2027, INR300 crores before March 2027, and the balance INR354 crores over 12-18 months. Changes in trends - The chemical business has shown a significant uptick, expanding profitability by almost 1,000% over the last two years with current capacity utilization at 70%-80%. - The company has received REACH certification for key products like benzoic acid and sodium benzoate in the UK and Europe, unlocking new export opportunities. Management Guidance & Outlook - Out of the initial INR500 crores, the company plans to utilize INR190-200 crores for tax and debt closure, INR200 crores for share buyback and special dividend, and INR100 crores for chemical and EPC expansion. - Management targets chemical division PAT to scale from INR18 crores to INR60-70 crores and EPC division PAT to reach INR150 crores over the next 4-5 years, aggregating to a total PAT of approximately INR210 crores. Capex - The company plans to double the capacity of its certified chemical plant with commissioning expected by July 2027. - Additional manufacturing facilities for niche agro product derivatives are being planned via technology tie-ups.

- Ganesh Benzoplast Ltd informed the exchanges regarding the availability of the audio recording of the investor and analyst meet held on October 07, 2026. - The audio recording can be accessed via the weblink provided in the corporate filing.

Concall Schedule Concall Date: 07 October 2026 Concall Time: 15:30 hrs (IST)

- Ganesh Benzoplast Limited held its 39th Annual General Meeting (AGM) on September 30, 2026. - All four resolutions, including the adoption of financial statements, re-appointment of Mr. Rishi Pilani, appointment of statutory auditors, and ratification of cost auditors' remuneration, were passed with the requisite majority. - Voting was conducted via remote e-voting and e-voting at the AGM.

- Ganesh Benzoplast Limited held its 39th Annual General Meeting (AGM) on September 30, 2026, through video conferencing. - The meeting transacted four items, including the adoption of audited standalone and consolidated financial statements for FY 2025-26. - Other items included the re-appointment of Mr. Rishi Pilani as Director, appointment of statutory auditors, and ratification of cost auditors' remuneration.

- Ganesh Benzoplast Ltd signed definitive agreements to sell its Liquid Storage Tank (JNP, Goa, and Cochin ports) and Railway Network businesses to Cisternina Logistics Private Limited (backed by KKR) for an aggregate consideration of ₹1,154 crore. - The transaction is expected to be completed in tranches over the next 18-24 months, subject to regulatory and shareholder approvals. - GBL has also been engaged by CLPL to provide EPC services for expansion and construction of pipelines and tanks at JNP, expected to generate approx. ₹280 crore over the next 18-24 months. - Proceeds will be utilized for chemical manufacturing, food preservatives, lube oil additives, chemical trading capacity expansion, EPC business projects, and potential shareholder value enhancement actions like buybacks.

- Ganesh Benzoplast Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. This report forms an integral part of the Annual Report. It details the company's efforts in energy conservation, decarbonisation, and a commitment to achieve Net Zero Scope 1 and 2 GHG emissions by 2040.

- Ganesh Benzoplast Limited's 39th Annual General Meeting (AGM) will be held on September 30, 2026, at 3:00 PM IST via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). - The Register of Members & Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026. - Remote e-voting will commence on September 27, 2026, at 10:00 a.m. and end on September 29, 2026, at 5:00 p.m. IST. - The cut-off date for determining eligible members to vote is September 23, 2026.

- Board recommended appointment of Samria Kabra & Associates as Statutory Auditors for 5 years, replacing the retiring auditor Mittal & Associates. - Approved the 39th Annual General Meeting (AGM) to be held on September 30, 2025, at 3:00 PM via Video Conferencing. - Approved automatic classification of Mr. Ravi Pilani as a Promoter of the Company.

- Poonam Pilani (Promoter group) disposed of 10,80,807 equity shares of Ganesh Benzoplast Limited. - The disposal occurred on August 26, 2026, via an off-market inter se transfer by way of gift. - Post-transaction, Poonam Pilani's holding in the company is 0 shares (0.00%).

- Rishi Pilani, a promoter of Ganesh Benzoplast Limited, disclosed the disposal of 17,76,003 equity shares, representing 2.47% of the total share capital. - The disposal occurred on August 26, 2026, through an off-market inter se transfer by way of gift. - Following this transaction, Rishi Pilani's holding in the company is reduced to 0%.

- Ravi Pilani acquired 28,56,810 equity shares (3.97% of total voting capital) of Ganesh Benzoplast Limited on August 26, 2026. - The acquisition was an off-market inter-se transfer by way of gift from an immediate relative within the promoter group.

- Ravi Pilani acquired 28,56,810 equity shares (3.97% of Ganesh Benzoplast Limited) on August 26, 2026. - This was an off-market inter-se gift transfer from Rishi Pilani and Poonam Pilani (promoters/immediate relatives) without consideration, exempt under SEBI (SAST) Regulations 10(1)(a)(i).

- Inter-se transfer of 28,56,810 equity shares (3.97% of total capital) by way of gift from Rishi Pilani and Poonam Pilani to Ravi Pilani (all part of Promoter Group). - The aggregate holding of the Promoter and Promoter Group remains unchanged after this off-market transaction.

- Board Meeting of Ganesh Benzoplast Ltd. scheduled for September 02, 2026. - Agenda includes considering the appointment/re-appointment of statutory auditor and matters related to the 39th Annual General Meeting.

- The Hon'ble Supreme Court, via its order dated August 18, 2026, dismissed the appeal filed by Progfin Private Limited. - The appeal sought to initiate a corporate insolvency resolution process against Ganesh Benzoplast Limited and its subsidiary GBL Chemical Limited. - This decision upholds previous dismissals by NCLT and NCLAT, with no expected financial implications for the company.

- Intimation of proposed acquisition of 2,856,810 equity shares (3.97%) of Ganesh Benzoplast Limited by Ravi Pilani from Rishi Pilani and Poonam Pilani by way of gift. - This inter-se transfer among promoters and their immediate relatives maintains the overall promoter group holding.

- Q1 FY27 Consolidated Revenue ₹117.50Cr vs ₹95.62Cr (▲22.88% YoY) - EBITDA ₹27.00Cr vs ₹28.15Cr (▼4.07% YoY) - PAT ₹17.58Cr vs ₹18.13Cr (▼3.04% YoY) - EBITDA Margin 22.98% vs 29.44% (▼646bps) - The auditor's report highlights an ongoing FIR by the Economic Office Wing (EOW) against the company, its directors, and KMPs concerning alleged unauthorized loans/borrowings via an unauthorized bank account of a WOS in FY2023-24.

- Q1 FY27 Consolidated Revenue ₹117.50Cr vs ₹95.62Cr (▲22.88% YoY) - EBITDA ₹27.00Cr vs ₹29.10Cr (▼7.10% YoY) - PAT ₹17.58Cr vs ₹18.13Cr (▼3.04% YoY) - EBITDA Margin 22.98% vs 30.44% (▼746bps) - An FIR and complaint have been registered with the Economic Office Wing (EOW) against the Company, its directors, and KMPs in July 2024 related to alleged unauthorized loans/borrowings and a bank account in FY23-24. The Company is contesting this.

- Board Meeting on August 11, 2026, to consider and approve Standalone & Consolidated unaudited Financial Results for the quarter ended June 30, 2026. - Trading window closed from July 01, 2026, until 48 hours after results on August 11, 2026.

- NCLAT dismissed Progfin Private Limited's appeal seeking corporate insolvency resolution against Ganesh Benzoplast Limited via order dated June 30, 2026. - This decision prevents the initiation of insolvency proceedings against the company.

- Trading window closed from July 01, 2026, until 48 hours after Board approval of un-audited financial results for the quarter ended June 30, 2026. - This is as per SEBI Insider Trading Regulations.

- The company is undertaking a capex of ₹40-50 crores to add 50,000 kL capacity at JNPT, expected to be commissioned by end of calendar year 2026. - A 30-year rental reset at JNPT led to a 10x increase in rental expenses, impacting Q4 FY26 PAT, but new capacities are expected to yield higher EBITDA percentages over time. - Revenue growth is projected at 5-6% Y-o-Y for current leased tanks, with the chemical division expected to maintain a steady growth path. - Modifications for blended petrol at Goa terminal (₹2 crores capex) are underway, aiming for completion by March 2027, despite current near 0% utilization. - A larger capex of ₹450-500 crores for ammonia/LPG bullets is still under discussion and not yet initiated.

- Audio recording of the conference call with investors and analysts held on June 08, 2026, at 2:30 PM IST is available on the company's website.

Ganesh Benzoplast Limited announced an investor/analyst conference call to be held on Monday, June 08, 2026, at 02:30 PM IST. The call will discuss the Company's audited financial results for the quarter ended March 31, 2026 (Q4 FY'26) and the business outlook.

Ganesh Benzoplast Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, as per Regulation 24(A) of SEBI LODR. The report, issued by VKM & Associates, Practicing Company Secretaries, confirms the company's compliance with applicable statutory provisions and good corporate practices under SEBI Regulations. No non-compliances or adverse findings were noted during the review period.

Ganesh Benzoplast Limited reported Q4FY26 consolidated Revenue of ₹111.47 Cr (▲11.54% YoY), EBITDA of ₹25.49 Cr (▼30.45% YoY), and PAT moving from a loss of ₹13.19 Cr to a profit of ₹15.29 Cr. EBITDA Margin contracted from 36.67% to 22.86%. A significant red flag is an FIR and EOW complaint against the company and KMPs for alleged unauthorized loans/borrowings and a bank account in FY 2023-24. The Board also approved forming a wholly-owned subsidiary in Singapore.

Consolidated Revenue ₹111.47 Cr vs ₹99.93 Cr (▲11.55% YoY). The company reported a significant turnaround with EBITDA of ₹20.55 Cr compared to a loss of ₹13.13 Cr in the previous year's quarter, and Net Profit (PAT) of ₹15.29 Cr compared to a loss of ₹13.19 Cr. EBITDA Margin expanded significantly to 18.44% from -13.14% (▲3158 bps). Additionally, the Board approved the initiation of forming a Wholly Owned Subsidiary in Singapore. An 'Emphasis of Matter' in the auditor's report highlights an ongoing FIR and complaint from July 2024 regarding alleged unauthorized loans/borrowings related to FY23-24, though the auditor's opinion on the financial results is unmodified.