Ganesha Ecosphere announced a strategic shift in its expansion plans through its wholly owned subsidiary, Ganesha Ecopet Private Limited. The Board of Directors of the subsidiary, at its meeting held on May 20, 2026, decided to drop the previously proposed greenfield project in Odisha. The Odisha project was intended to manufacture rPET Chips/Granules with a capacity of 67,500 TPA. The company stated that future greenfield expansion plans for rPET granules will be considered at a later date, subject to market dynamics.

Instead of the Odisha facility, the subsidiary will focus on expanding its existing manufacturing capabilities. The Board approved a proposal to increase the rPET granules capacity at the Warangal unit by 22,500 TPA. This addition will bring the total installed capacity at the Warangal unit to 87,000 TPA. The expansion aims to leverage the existing infrastructure and current demand trends.

The financial and operational details of the expansion plan have been outlined by the management. The project is estimated to require an investment of approximately ₹125 crore. The company plans to finance this expansion through a mix of debt, equity, and internal accruals. The proposed capacity addition is scheduled to be completed by March 2027.

Capacity and Utilization Details

The current operational status of the Warangal unit indicates robust utilization levels. The existing capacity stands at 64,500 TPA, which includes a recently commissioned 22,500 TPA line where commercial production is yet to commence. The present capacity utilization of the facility is reported to be around 85%.

The company noted that the timeline, investment required, and mode of financing are based on management estimates and are subject to change. The decision to expand the existing unit rather than pursue a new greenfield project reflects a strategy to optimize capital efficiency and respond to current market conditions.

Ganesha Ecosphere Limited's board of directors has approved the grant of 32,000 Employee Stock Options (ESOPs) to eligible employees of its subsidiary companies. The decision was taken during a board meeting held on May 21, 2026. These options are issued under the Ganesha Ecosphere Employees' Stock Option Scheme 2021 and are convertible into an equal number of equity shares, each with a face value of ₹10.

The pricing for the options involves a discount of 10% to the closing market price of the company's equity share on the National Stock Exchange of India (NSE) as of May 20, 2026, which was the previous trading day. The scheme is administered by the Nomination and Remuneration Committee of the Board of Directors and is implemented through a trust route.

Vesting and Exercise Details

The vesting schedule for the granted options is structured over a period of four years. The options will vest in four equal installments, with 25% of the options vesting on the completion of each year from the date of grant. Once vested, the options are exercisable for a period of one year from the date of respective vesting. Option holders may choose to exercise the options or opt for a cashless exercise mechanism in accordance with the scheme's terms.

Key Terms of the Grant

The following table outlines the specific details regarding the grant of options:

The company clarified that no new equity shares will arise from the exercise of these options, as the scheme is implemented via secondary market acquisition. Consequently, the total number of shares arising as a result of the exercise is not applicable in the context of new issuance.