Libas Consumer Products Limited — Others, 31-03-2025: Resignation

Mrs. Reshma Ganji has resigned from her position as Managing Director of Libas Consumer Products Limited, effective immediately. Following her departure, Mr. Riyaz Ganji, the Joint Managing Director, will assume her responsibilities.

The resignation stems from personal challenges and concerns about discrepancies in accounting, unpaid contributions, and exclusion from operational roles. These issues highlight potential governance risks within the company.

Investors may view this leadership change as an opportunity for renewed focus on transparency and operational integrity, despite the potential for disruption in management stability during this transition.