GEM Enviro Management Ltd

Target

• Solluz Energy Private Limited, India-based energy sector company.

Timeline and status

• Proposed investment expected to complete on or before March 31, 2027.

Size and background

• Size metrics not disclosed; background details not provided.

AGM details

• AGM held on 28-09-2026, 12:30–13:02 IST, via VC/OAVM.

Resolutions and outcomes

• Item 1: Adoption of standalone and consolidated financials; passed with 99.99% assent.
• Item 2: Final dividend on equity shares; passed with 99.99% assent.
• Item 3: Re-appoint director Dinesh Pareekh; 99.97% assent.
• Item 4: Special: Alter MOA object clause; 99.98% assent.
• Item 5: Special: Shift registered office and MOA amendment; 99.98% assent.

Price movement clarification

• No material information or impending announcements; price movement appears market-driven.
• Company complies with SEBI Listing Regulations and disclosure timelines.
• No known reasons for fluctuations; company has no control or knowledge.

AGM Details

• AGM date/time: 28 September 2026, 12:30 PM IST.
• Mode: VC/OAVM.
• Meeting concluded at 1:02 PM IST (incl. e-voting).
• Remote e-voting: 25–27 September 2026.
• Chairman: Anil Kumar Behl; Dinesh Pareekh absent.

Ordinary Resolutions

• Adopt standalone and consolidated financial statements for FY2025-26.
• Declare final dividend on equity shares for FY2025-26.
• Appoint director in place of Dinesh Pareekh, retiring by rotation.

Special Resolutions

• Alter object clause of the Memorandum of Association.
• Shift Registered Office to another state with MOA amendment.

GEM Enviro Management Ltd: Trading Window closed from October 01, 2026 till completion of 48 hours after the unaudited financial results for the half year ended September 30, 2026 are generally made available to the public

Deal details

• Target: Novuscom Neo Private Limited, private company (CIN U70200DL2025PTC457508).
• Acquisition: 75% stake via 30,000 equity shares and 270,000 CCPS.
• Consideration: Rs 30 lakh; issue price Rs 10 per share for equity/CCPS.
• Novuscom to become GEM's subsidiary; GEM may nominate up to 3 directors.
• Not a related party transaction.
• Rights: pre-emptive on future issues; board nominees; right of first offer; tag-along.
• Regulatory approvals: not specified.
• Timeline: completion not specified.
• Form of consideration: not disclosed.

Target background

• Name and type: Novuscom Neo Private Limited, private company.
• CIN: U70200DL2025PTC457508; line of business not disclosed.
• Turnover history: not disclosed; sector not disclosed.
• Presence: India (per filing).

Encumbrance details

• Target: GEM Enviro Management Limited.
• Encumbrance: pledge on promoter shares created.
• Promoters involved: BLP Equity Research Private Limited; Dinesh Pareekh; Sangeeta Pareekh.
• Encumbered shares: BLP 35,53,600 (15.76%); Dinesh 6,80,000 (3.02%); Sangeeta 17,90,400 (7.94%).
• Total promoter-encumbered shares: 60,24,000 (26.71% of total share capital).
• Promoter holding encumbered: 36.24% of promoter holdings.
• Encumbered in favour of: Share India Securities Limited.
• Reason: Personal use of funds (not for business).
• End use of money: No business purpose.
• Value of encumbered shares: Rs 20,81,29,200; Amount: Rs 10,40,64,600.
• Date of creation: 08/09/2026.
• Before encumbrance: 61.17% of BLP; 100% encumbered for Dinesh and Sangeeta.
• Promoter total holding: 73.71% (BLP 58,09,600; Pareekh 6,80,000; Sangeeta 17,90,400).

Encumbrance details

• Event: Creation of pledge on promoter shares.
• Promoters involved: Sangeeta Pareekh, Dinesh Pareekh, BLP Equity Research Private Limited.
• Sangeeta Pareekh encumbered: 17,90,400 shares (7.94%).
• Dinesh Pareekh encumbered: 6,80,000 shares (3.02%).
• BLP Equity Research Private Limited encumbered: 35,53,600 shares (15.76%).
• Total promoter shares encumbered: 26.71% of total share capital.
• Promoter holding encumbered: 36.24% of promoter shareholding.
• Entire holdings of Sangeeta Pareekh and Dinesh Pareekh encumbered.
• 17% of BLP holding encumbered.
• Lender: Share India Securities Limited.
• Encumbrance type: Pledge.
• End use: Personal use by promoters.
• Date of creation: 08/09/2026.
• Security value of encumbrance: Rs 20,81,29,200.
• Borrowed amount: Rs 10,40,64,600.
• Share-to-loan ratio: 1:0.5.

Encumbrance creation details

• Target: GEM Enviro Management Limited.
• Event: Creation of pledge on promoter shares.
• Promoters encumbered: Dinesh Pareekh; Sangeeta Pareekh; BLP Equity Research Private Limited.
• Dinesh Pareekh: 6,80,000 shares (3.02%).
• Sangeeta Pareekh: 17,90,400 shares (7.94%).
• BLP Equity Research Private Limited: 58,09,600 shares (25.76%).
• Post-encumbrance promoter holding encumbered: 36.24% of promoter stake.
• Encumbered shares as % of total capital: 26.71%.
• Favouring entity: Share India Securities Limited.
• Reason: Personal use.
• Share value on encumbrance date: Rs 20,81,29,200.
• Encumbrance amount: Rs 10,40,64,600.
• Date of creation: 08/09/2026.
• End use: Personal use by promoters.
• No change in control indicated.