Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable (Transaction Approval)

Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI LODR - Outcome of Board Meeting

Date of Board Meeting / Approval: Tuesday, September 29, 2026

Audit Opinion: Not Specified

Auditor’s Comment: Not Specified

Key Financial Highlights:

Standalone Results: Not Disclosed

Consolidated Results: Not Disclosed

Segment-wise Performance:

Liquid Storage Tank Undertaking (LST Undertaking) - FY26 Contribution:

  • Revenue: INR 1,616.52 million (39.29% of consolidated revenue)
  • Net Worth: INR 2,577.90 million (41.72% of consolidated net worth)

Rail Logistics Undertaking - FY26 Contribution:

  • Revenue: INR 276.70 million (6.73% of consolidated revenue)
  • Net Worth: INR 196.32 million (3.18% of consolidated net worth)

Total Divested Business Contribution - FY26:

  • Combined Revenue: 46.02% of consolidated revenue
  • Combined Net Worth: 44.9% of consolidated net worth

Corporate Actions:

Business Divestiture Approved:

  • Sale of liquid storage tank business at JNPT, Cochin and Goa terminals (LST Undertaking) to Cisternina Logistics Private Limited (CLPL) on slump sale basis
  • Sale of rail logistics business at Daund (Rail Logistics Undertaking) through a two-step process: (1) transfer from Infrastructure Logistic Systems Limited (ILSL) to ILSL Rail Logistics Private Limited (ILSL WOS), then (2) sale of ILSL's entire shareholding in ILSL WOS to CLPL
  • Aggregate Consideration: INR 1,154 Crores (subject to adjustments as per definitive documents)
  • Transaction Type: Slump sale under Business Transfer Agreement

Other Significant Information:

Buyer Details:

  • Cisternina Logistics Private Limited (CLPL)
  • Business: Bulk liquid and gas storage and logistics business in India
  • Ownership: Entity in which funds/vehicles managed by Kohlberg Kravis Roberts (KKR) have entered definitive documents to invest

Rationale for Sale:

  • Management believes the sale will unlock significant value for stakeholders

Entities Involved:

  • Ganesh Benzoplast Limited (CIN: L24200MH1986PLC039836) - Listed entity
  • Infrastructure Logistic Systems Limited (ILSL) (CIN: U63032MH2001PLC130992) - Material subsidiary
  • ILSL Rail Logistics Private Limited (ILSL WOS) - Wholly owned subsidiary of ILSL
  • Cisternina Logistics Private Limited (CLPL) - Buyer

Board Meeting Details:

  • Commenced: 5:15 PM
  • Concluded: 6:00 PM