{"url":"https://newsforagent.com/news/2026-10-15/ganon-products-promoter-stake-sale","markdown_url":"https://newsforagent.com/news/2026-10-15/ganon-products-promoter-stake-sale.md","title":"Ganon Products Promoter Sells 0.93% Stake","headline":"Ganon Products Promoter Kamla Business Ventures Sells 0.93% Stake in Open Market","description":"Kamla Business Ventures sold 87,743 Ganon Products shares on October 14, 2026, cutting its holding from 5.93% to 4.99% and falling below the 5% threshold.","section":"Divestitures","published_at":"2026-10-15T04:16:26+00:00","modified_at":"2026-10-15T04:16:26+00:00","author":"News Desk","key_takeaways":["Kamla Business Ventures LLP sold 87,743 equity shares of Ganon Products Ltd on October 14, 2026.","The open market sale reduced the entity's stake from 5.93% to 4.99%, below the 5% threshold.","Ganon Products' total equity share capital remained unchanged at 9,33,10,000 shares."],"companies":[{"name":"Ganon Products","is_primary":true,"profile_url":"https://akta.pro/company-profiles/003jcqi/ganon-products","website":"http://www.ganonproducts.com"}],"source":{"publisher":"ScanX","title":"Ganon Products promoter Kamla Business Ventures sells 0.93% stake","url":"https://scanx.trade/stock-market-news/companies/ganon-products-promoter-kamla-business-ventures-sells-0-93-stake/53578327"},"other_sources":[],"tags":["Divestitures","Ganon Products"],"body_markdown":"Kamla Business Ventures LLP sold 87,743 equity shares of [Ganon Products](https://akta.pro/company-profiles/003jcqi/ganon-products) Ltd on October 14, 2026, cutting its holding from 5.93% to 4.99% and taking the promoter entity below the 5% threshold. [ScanX](https://scanx.trade/stock-market-news/companies/ganon-products-promoter-kamla-business-ventures-sells-0-93-stake/53578327) reported the open market sale, which involved no encumbrances or convertible securities.\n\nGanon Products is a publicly listed Mumbai-based wholesale trader of agro commodities, metals, steels, thermal coal and garnet, serving business buyers in the domestic Indian market since 1985. Kamla Business Ventures LLP is the promoter entity that disclosed the disposal.\n\n## Kamla Business Ventures' Open Market Sale\n\nThe disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kamla Business Ventures held 554,869 shares, or 5.93%, before the transaction, and 467,126 shares, or 4.99% of the total voting capital, after it.\n\nThe mode of sale was strictly open market, with no off-market transfers, preferential allotments or rights issues. Ganon Products' total equity share capital remained unchanged at 9,33,10,000 before and after the transaction, indicating no dilution or issuance of new shares during the period.\n\nKamla Business Ventures confirmed it holds no warrants, convertible securities or other instruments that would entitle it to receive additional voting rights in the company. The disclosure was submitted to BSE Limited, where the company's shares are listed.\n\n## Ganon Products' Share Capital and Listing\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Ganon Products' paid up share capital amounts to Rs. 9,33,10,000, comprising 93,31,000 equity shares of Rs. 10 each as of the allotment date September 16, 2010. The company's equity shares have been listed on the Bombay Stock Exchange since January 20, 1987, under scrip code 512443.\n\nThe same records show the company was renamed from 'Ganon Trading & Finance Co. Limited' to Ganon Products Limited through a special resolution passed on February 15, 2018.\n\n## Kamla Business Ventures' Reclassification Request\n\nGanon Products received a request from Kamla Business Ventures LLP on October 6, 2026 to reclassify its shareholder status from Promoter to Public under SEBI LODR Regulation 31A, ScanX reported. The entity declared it exercises no direct or indirect control over the company, and the matter requires Board and shareholder approval.\n\nGanon Products accepted the resignation of Anand Mahadevan as Independent Director effective August 10, 2026, citing pre-occupancy reasons, ScanX reported. The company reported a 100% increase in standalone net profit to Rs 0.04 crore for the quarter ended June 2026, compared with Rs 0.02 crore a year earlier, according to Business Standard.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}