Ganesha Ecoverse Ltd

AGM details

• Date and time: 26-09-2026, 2:00 PM–2:40 PM.
• Mode: Hybrid with video conferencing attendance.
• Record date: 19-09-2026; shareholders on record: 2,248.
• Postal ballot last date: 26-09-2026.
• Total shares outstanding: 24,594,650.

Key resolutions

• Resolution 1 (Ordinary): Adoption of annual financial statements and reports.
• Resolution 2 (Ordinary): Adoption of audited consolidated financial statements.
• Resolution 3 (Ordinary): Re-appointment of director retiring by rotation.
• Resolution 4 (Ordinary): Approval of material related party transactions with GESL Spinners Limited.

Voting results

• Resolution 1 passed with 98.85% in favour.
• Resolution 2 passed with 98.79% in favour.
• Resolution 3 passed with 100% in favour.
• Resolution 4 passed with 98.60% in favour.

Director changes

• Sandeep Khandelwal re-appointed; retires by rotation.

Material related party transactions

• Material related party transactions approved with GESL Spinners Limited.

AGM Details

• AGM held on 26 September 2026 at 2:00 PM IST via VC/OAVM.
• Voting cutoff for remote/e-voting: 19 September 2026.

Key Resolutions

• Item 1: Adopt standalone financial statements for year ended 31 March 2026.
• Item 2: Adopt consolidated financial statements for year ended 31 March 2026.
• Item 3: Re-appoint director retiring by rotation (Sandeep Khandelwal).
• Item 4: Approve related party transactions with GSL Spinners Limited.

Voting Results

• Item 1 passed: 98.85% in favour, 1.15% against.
• Item 2 passed: 98.85% in favour, 1.15% against.
• Item 3 passed: 98.85% in favour, 1.15% against.
• Item 4 passed: 98.60% in favour, 1.40% against.

Director Changes

• Re-appointment of director Sandeep Khandelwal (retiring by rotation).

Related Party Transactions

• Approval of material related party transactions with GSL Spinners Limited.

Ganesha Ecoverse Ltd — Trading Window Closure Notice

AGM details

• AGM held 26 September 2026 via Video Conferencing.
• Meeting 2:00 PM to 2:40 PM IST, including e-voting period.
• Quorum present; meeting chaired by Vishnu Dutt Khandelwal; MD addressed queries.
• Notices and reports taken as read; no qualifications in auditors/secretarial reports.
• Remote e-voting 23–25 September 2026; scrutiner appointed; NSDL voting available.
• Final voting results to be declared by 29 September 2026 and placed on websites.

Resolutions

• Ordinary: Adoption of Audited Standalone Financial Statements for FY ended 31 March 2026.
• Ordinary: Adoption of Audited Consolidated Financial Statements for FY ended 31 March 2026.
• Ordinary: Re-appointment of Shri Sandeep Khandelwal as Director on rotation.
• Ordinary: Approval for material related party transactions with LRB Partners Limited.

Voting status

• Voting results will be intimated separately; combined results to be declared by 29 Sept 2026.

AGM notice and document access

• 23rd AGM on 26 Sep 2026 at 2:00 PM IST via VC/OAVM.
• Annual Report 2025-26 and AGM Notice available online with exact web paths.
• Reminder to update KYC per SEBI circular; dematerialise physical securities; ISR/SH forms online.
• Web-links: Annual Report and AGM Notice on ganeshaecoverse.com/investors-relation/.

E-voting cut-off for AGM

• Purpose: cut-off for e-voting rights for the 23rd AGM.
• Security type: voting rights apply to holders of equity shares.
• Record date: 19 September 2026.
• Remote e-voting window opens Sept 23, 2026 and closes Sept 25, 2026.
• Voting during AGM via NSDL e-voting platform.

Book closure window

• Book closure: 20 Sep 2026 to 26 Sep 2026 (inclusive) for 23rd AGM via VC/OAVM.

Financials (Standalone)

• Standalone total income ₹152.60 lakh; PAT ₹124.79 lakh for year ended 31 Mar 2026.
• Prior year: income ₹1,057.54 lakh; PAT loss ₹146.42 lakh.
• Exceptional item: reversal of dividend on redeemable preference shares ₹780.66 lakh.
• MTM losses on investments impacted standalone performance.

Operations & associate status

• GSL capacity utilisation rose to over 80% during the year.
• Ganesha holds 44.39% stake in GESL Spinners Limited.

Amalgamation & strategic plan

• Board approved amalgamation of Ganesha with GSL by absorption.
• Exchange ratio: 135 GSL shares for 100 Ganesha shares.
• No cash consideration; approvals from regulators and shareholders required.
• Scheme aims to consolidate business, unlock synergies, reduce compliance.

Dividend policy

• Dividend not declared for FY2025-26.
• Board seeks to conserve resources.

Capital structure & liquidity

• Equity capital ₹2,459.47 lakh; Redeemable Preference ₹1,000.00 lakh.
• Total outstanding capital ₹3,459.47 lakh; authorised ₹5,000 lakh.
• Current ratio 1.32; debt-equity 0.22; gearing 18.05%.
• Net debt position ₹1,184.46 lakh.
• Consolidated gearing 25.53%.

Governance & leadership

• Board has five committees including Audit and Nomination.
• CFO Surbhi Bhatia resigned w.e.f. 31 Jan 2026.
• Ashish Gupta appointed CFO w.e.f. 30 May 2026.
• Company Secretary Neha Gajwani resigned; replacement appointed.
• Statutory auditors: Rajiv Mehrotra & Associates; Secretarial: HKS & Associates.
• Auditors' reports: no qualifications.

Related party disclosures

• Material RPT with GSL up to ₹25 crore; Audit Committee approved.
• GSL is associate; Ganesha holds 44.39% stake.

Risks & outlook

• Regulatory approvals for amalgamation are pending; risk until next AGM.
• MTM losses on investments; market volatility.

Management outlook

• Management notes recovery in GSL operations; textile demand supportive.