NSEGeneral Updates16 Jul 2026 · 16 Jul 2026, 04:56 pm
General Updates
Ganesh Benzoplast Limited · GANESHBE
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Ganesh Benzoplast Limited has informed the exchange about a court order dismissing an appeal filed by Progfin Private Limited seeking corporate insolvency resolution process against the company.
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Full Announcement
Ganesh Benzoplast Limited has informed the Exchange about Disclosure Under regulation 30-updates
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GANESHBE_16072026165548_DisclosureProgfinNCLATorder.pdf
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GANESH BENZOPLAST LIMITED
CIN: L24200MH1986PLC039836
Regd. Office: Dina Building, 1st Floor, 53, Maharshi Karve Road, Marine Lines, Mumbai - 400
002 Tel: 022- 6140 6000/22001928
Email: compliance@gblinfra.com Website: www.ganeshbenzoplast.com
July 16, 2026
The General Manager, The Manager,
Department of Corporate Services Listing Department
Corporate Relations Department, National Stock Exchange of India
BSE Limited, Limited Exchange Plaza,
Pheeroze Jeejeebhoy Towers, Dalal 5th Floor, Plot No. C/1, G-Block,
Street, Fort, Mumbai – 400 001. Bandra Kurla Complex, Bandra (E),
Mumbai – 400051
Scrip ID: 500153 Scrip ID: GANESHBE
Sub.: Disclosures under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).
Dear Sir/Madam,
Pursuant to the provision of Regulation 30 read with Para A of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and our ongoing
disclosures in relation to the unauthorised transactions undertaken by Mr. Ramakant Pilani
and others in the name of the Company and/or its wholly owned subsidiary viz. GBL
Chemical Limited ("GBL Chemical"), we would like to inform you that the Hon'ble National
Company Law Appellate Tribunal, Principal Bench, New Delhi vide its order dated June 30,
2026, has dismissed the appeal filed by Progfin Private Limited seeking initiation of
corporate insolvency resolution process against the Company under the Insolvency and
Bankruptcy Code, 2016 (“NCLAT Order”).
We are disclosing the NCLAT Order today as we have received the certified true copy of the
NCLAT Order yesterday.
The details as required under the Listing Regulations, 2015 read with Annexure I of SEBI
Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are enclosed
as Annexure I.
Kindly take the same on your record.
Thanking You,
For Ganesh Benzoplast Limited
Rishi Pilani
Chairman & Managing Director
(DIN 00901627)
Corp Office: 501/ 502, 'C' Wing, Lotus Corporate Park, Off. Western Express Highway,
Laxmi Nagar, Goregaon (East), Mumbai - 400063.
GANESH BENZOPLAST LIMITED
CIN: L24200MH1986PLC039836
Regd. Office: Dina Building, 1st Floor, 53, Maharshi Karve Road, Marine Lines, Mumbai - 400
002 Tel: 022- 6140 6000/22001928
Email: compliance@gblinfra.com Website: www.ganeshbenzoplast.com
Annexure I
S. No. Particulars Description
1. Name(s) of the Progfin Private Limited (“Progfin”)
opposing Party
2. Court/ tribunal/ National Company Law Appellate
agency where Tribunal, Principal Bench, New Delhi
litigation is filed (“NCLAT”)
3. Brief details of Progfin filed an appeal before NCLAT
dispute/litigation under Section 61 of the Insolvency and
Bankruptcy Code, 2016 (“IBC”) against
the order passed by the National
Company Law Tribunal, Mumbai Bench
(“NCLT”) dated September 1, 2025,
wherein NCLT had dismissed the Section
7 petition filed by Progfin seeking
initiation of corporate insolvency
resolution process against the Company
for alleged default in repayment of credit
facilities extended to its wholly owned
subsidiary, GBL Chemical Limited, for
which the Company had purportedly
issued a corporate guarantee.
4. Expected financial None
implications, if any,
due to compensation,
penalty, etc.
5. Quantum of claims, if None
6. Details of any change The NCLAT vide its order dated June 30,
in the status and / or 2026, dismissed the appeal filed by
any development in Progfin.
relation to such
proceedings
Corp Office: 501/ 502, 'C' Wing, Lotus Corporate Park, Off. Western Express Highway,
Laxmi Nagar, Goregaon (East), Mumbai - 400063.