GANESHBE

** Shares of Ganesh Benzoplast GNSB.NS fall as much as 7.4% before recovering marginally; last down 7%

** Stock set for worst one-day pct fall since mid-Feb

** The liquid storage tank provider reported a 3.1% drop in Q4 profit on Thursday

** Stock on track for tenth straight week of declines; it has lost 17% in the previous nine weeks

** Trading vol at around 1.6x the 30-day average

** GNSB fell 11.4% in 2024 so far, after gaining 12.4% in 2023

(Reporting by Anuran Sadhu in Bengaluru)

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April 23 (Reuters) - Ganesh Benzoplast Ltd GNSB.NS:

• GOT ORDER IN FAVOUR OF CO SETTING ASIDE CUSTOMS PENALTY OF 73 MILLION RUPEES

Source text for Eikon: ID:nBSE5nLrY5

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April 16 (Reuters) - Ganesh Benzoplast Ltd GNSB.NS:

• GANESH BENZOPLAST LTD - CERTAIN UNAUTHORISED, FRAUDULENT TRANSACTIONS DONE IN NAME OF CO AND/OR UNIT GBL CHEMICAL

• GANESH BENZOPLAST - CO FILED POLICE COMPLAINTS, CIVIL SUITS AGAINST THOSE WHICH CO BELIEVES ARE PERSONS WHO WERE PRIMARILY INVOLVED

• GANESH BENZOPLAST LTD - CO BELIEVES THAT THERE IS NO FINANCIAL LIABILITY THAT WILL DEVOLVE UPON CO AND/OR GBL CHEMICAL

Source text for Eikon: ID:nNSE5jGgy3

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April 2 (Reuters) - Ganesh Benzoplast Ltd GNSB.NS:

• GANESH BENZOPLAST - CONSIDERED AUTHORISING RAMESH DHANRAJ PUNJABI TO UNDERTAKE INDEPENDENT INVESTIGATION IN AFFAIRS OF CO, GBL CHEMICAL

• GANESH BENZOPLAST LTD - INVESTIGATION TO IDENTIFY DETAILS OF UNAUTHORIZED BANK ACCOUNT OPENED AND ASCERTAIN UNAUTHORISED BORROWINGS

• GANESH BENZOPLAST LTD - GBL CHEMICAL CEO RAMAKANT S. PILANI OFFERED TO RESIGN FROM CO

Source text for Eikon: ID:nBSE4Dp8df

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Feb 12 (Reuters) - Ganesh Benzoplast Ltd GNSB.NS:

• GANESH BENZOPLAST LTD DEC-QUARTER CONSOL NET PAT 160.8 MILLION RUPEES VERSUS PROFIT 145.1 MILLION RUPEES

• GANESH BENZOPLAST DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.06 BILLION RUPEES VERSUS 989.7 MILLION RUPEES

Source text for Eikon: ID:nBSE3sMQBS

Further company coverage: GNSB.NS

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Jan 29 (Reuters) - Ganesh Benzoplast Ltd GNSB.NS:

• APPROVED RAISING OF FUNDS BY WAY OF FRESH ISSUE OF EQUITY SHARES WORTH UPTO 324 MILLION RUPEES

• RAISING OF FUNDS ON PREFERENTIAL ALLOTMENT BASIS

Source text for Eikon: ID:nBSE4KdTx0

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Jan 9 (Reuters) - Ganesh Benzoplast Ltd GNSB.NS:

• DEPARTMENT OF CUSTOMS IMPOSED PENALTY OF 73 MILLION RUPEES

• COMPANY IS IN PROCESS OF TAKING APPROPRIATE STEPS TO CONTEST ORDER ON MERITS

• CO IS HOPEFUL OF FAVORABLE OUTCOME AT APPELLATE LEVEL

Source text for Eikon: ID:nBSE6Q2YWw

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Dec 5 (Reuters) - Ganesh Benzoplast Ltd GNSB.NS:

• APPROVED RAISING OF FUNDS NON-PROMOTER QUALIFIED INSTITUTIONAL BUYER

• RAISING OF FUNDS VIA FRESH ISSUE OF 1.7 MILLION SHARES AT A PRICE OF 160 RUPEES PER SHARE

• APPROVED RAISING OF FUNDS PROMOTER GROUP ENTITY VIA FRESH ISSUE OF 180,000 SHARES AT PRICE OF 175 RUPEES PER SHARE

Source text for Eikon: ID:nBSE9vqj2B

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Updates with details in paragraph 2-4, share moves in paragraph 5

BENGALURU, Nov 30 (Reuters) - Singapore-based BW LPG BWLPG.OL will invest $30 million in Confidence Petroleum India CONF.NS through preferential allotment of shares, and form a joint venture to develop LPG import infrastructure, the companies said on Thursday.

The Indian liquefied petroleum gas (LPG) cylinder maker will issue up to 28.2 million shares to BW VLGC Pte, a unit of the Norway-listed LPG shipper, at 88.6 rupees apiece, an exchange filing showed on Thursday.

Confidence Petroleum will also enter into a joint venture agreement with BW VLGC to develop LPG-importing infrastructure. Both companies will have equal ownership in the newly formed joint venture company, BW Confidence Enterprise Pvt.

The joint venture will also enter into a further agreement with liquified storage tank provider Ganesh Benzoplast GNSB.NS for the development and operation of a new LPG onshore terminal at Jawaharlal Nehru Port Association (JNPA) port in Mumbai.

Shares of Confidence Petroleum rose 2% after the announcement, while Ganesh Benzoplast surged 3.6% in early trade.

(Reporting by Manvi Pant in Bengaluru; Editing by Rashmi Aich and Eileen Soreng)

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Sept 4 (Reuters) - Ganesh Benzoplast Ltd GNSB.NS:

• APPROVED PROPOSAL FOR OBTAINING ENABLING RESOLUTION FROM SHAREHOLDERS FOR FUND RAISING BY CO FOR UPCOMING LPG EXPANSION

Source text for Eikon: ID:nBSE9WcM00

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Aug 11 (Reuters) - Ganesh Benzoplast Ltd GNSB.NS:

• JUNE-QUARTER CONSOL NET PROFIT 154 MILLION RUPEES VERSUS 121.7 MILLION RUPEES YEAR AGO

• JUNE-QUARTER CONSOL INCOME FROM OPERATIONS 1.22 BILLION RUPEES VERSUS 919.7 MILLION RUPEES YEAR AGO

Source text for Eikon: ID:nBSE1qQGYt

Further company coverage: GNSB.NS

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