NSEGeneral Updates16 Jul 2026 · 16 Jul 2026, 04:56 pm

General Updates

Ganesh Benzoplast Limited · GANESHBE

✦ AI SummaryRegulatory

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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Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk8/10
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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.