GEM Enviro Management Ltd

Acquisition of Novuscom Neo Private Limited

• Target: Novuscom Neo Private Limited, India-based analysis-led sustainability research firm.
• Size: Authorized capital Rs 1 crore; paid-up Rs 1 lakh; turnover not yet commenced.
• Related party: Not a related party; to become GEM's subsidiary.
• Industry: Sustainability analytics and governance assessment services.
• Purpose: Acquire 75% stake to form subsidiary; aligns with GEM's environmental sustainability business.
• Regulatory: No government approvals required.
• Timeline: Completion on or before 31 October 2026.
• Consideration: Cash.
• Price: Rs 30 lakh.
• Shareholding: 75% stake acquired; Novuscom becomes subsidiary.
• Background: Incorporated 3 November 2025; business not commenced; operates in India.

Acquisition details

• Target: Solluz Energy Private Limited, energy sector in India; CIN U52100DL2015PTC277648.
• Investment: Rs 5,06,56,320 for 21,10,680 shares (26%).
• Not a Related Party; Solluz will become associate.
• Industry: energy sector.
• Purpose: acquire 26% stake; form associate with governance rights.
• Board rights: nominate up to two directors.
• Regulatory approvals: not specified.
• Timeline: not disclosed.
• Cash consideration; Rs 5,06,56,320.
• Equity stake: 26% (21,10,680 shares).
• Background: Solluz Energy Private Limited; energy sector; India; details not disclosed.

Website domain update

• The company's website domain changed from gemrecycling.com to gemenviro.com; the old domain redirects permanently.

Reg 74(5) certificate

• Certificate under Regulation 74(5) for the quarter is enclosed.

Target overview

• Target: Solluz Energy Private Limited (India); line of business not disclosed, energy sector.
• Size/scale: not disclosed.
• Related party: not disclosed.
• Industry/sector: energy.
• Purpose: acquisition of up to 26% stake; rationale not disclosed.
• Regulatory approvals: not disclosed.
• Timeline: completion expected on or before Sept 30, 2026.
• Consideration: not disclosed.
• Shareholding: up to 26% stake.
• Background: Solluz Energy Private Limited; CIN U52100DL2015PTC277648; no products/services or turnover details disclosed.

Target Entity

• Solluz Energy Private Limited operates in the energy sector in India

Acquisition Details

• Acquirer approved to acquire up to 26% stake in Solluz Energy Private Limited
• Acquisition completion delayed to on or before June 30, 2026
• Acquisition was initially expected to complete by March 31, 2026