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Ganesh Consumer Products promoter increases stake via open market purchase
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Tuesday, 07 April, 2026, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Ganesh Consumer Products Limited headquartered in Kolkata, announced that its promoter and managing director, Manish Mimani, has increased his stake in the company through open market transactions on the National Stock Exchange of India Limited. As per regulatory disclosures filed with the stock exchanges, Mimani purchased a total of 295,314 equity shares of the company. Following these purchases, the aggregate promoter and promoter group shareholding in the company has increased from 64.08% to 64.81%, further strengthening promoter ownership in the company.
The increase in promoter holding reflects strong confidence in the company’s long-term growth prospects and strategic direction. The move underscores the promoter's belief in the company's operational strength, its expanding geographic presence across Eastern India, and the growing demand for packaged food staple products including wheat-based & gram-based products and spices.
Mimani said, "India's packaged food sector, particularly branded food staple products, is witnessing strong structural tailwinds driven by rising consumer preferences for quality and hygienic food products. Eastern India, where the Ganesh brand has built a trusted presence over the years, represents a large opportunity as the organised segment continues to grow at the expense of the unorganised and unbranded market. Our growing geographic footprint across West Bengal, Jharkhand, Odisha, Bihar and Assam, supported by enhanced manufacturing Capabilities, positions us well to capture these opportunities. My continued personal investment in Ganesh Consumer Products reflects my conviction in the Company's long-term strategy, its brand equity and its ability to create sustained value for all the stakeholders."
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