Ganesha Ecosphere Limited shareholders approved all nine resolutions proposed at its 37th Annual General Meeting held on September 17, 2026. The consolidated scrutinizer's report, released on September 19, 2026, confirms that members passed the ordinary and special resolutions with requisite majorities.

The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars. Shyam Sunder Sharma, Chairman, chaired the proceedings. Vishnu Dutt Khandelwal, Executive Vice Chairman, briefed members on the company’s financial performance and key developments for FY26. Gopal Agarwal, Chief Financial Officer, addressed member queries.

Voting Participation and Results

A total of 156 members participated in the voting process. Of these, 149 members cast their votes through remote e-voting, while seven members voted electronically during the AGM via the NSDL platform. S. K. Gupta, Practicing Company Secretary, served as the scrutinizer.

The remote e-voting window remained open from 10:00 am on September 14, 2026, to 5:00 pm on September 16, 2026. The cut-off date for determining voting entitlements was September 10, 2026.

The company disclosed that 53,597 shareholders were on record. Of these, 42 members attended the meeting through video conferencing, comprising 11 from the promoter group and 31 from the public category.

For most resolutions, including the adoption of financial statements and the appointment of directors, assent votes exceeded 99.9%. The resolution approving material related-party transactions with GESL Spinners Limited received 79.58% approval, with related parties abstaining from voting as per regulatory requirements.

New Director Profile

Mr. Rajiv Kumar Saxena (DIN: 08516656) was appointed as a Non-Executive Independent Director for a term of two consecutive years effective from August 3, 2026. He is not related to any Director or Key Managerial Personnel of the Company and fulfills the criteria of independence under the Companies Act, 2013 and SEBI Listing Regulations.

Mr. Saxena, aged 60, holds a Postgraduate degree in Mathematics from the University of Lucknow and is a Certified Associate of Indian Institute of Bankers. He brings 35 years of experience from State Bank of India, where he served as Chief General Manager at SBI Corporate Centre, Mumbai.

His expertise covers large corporate credit, MSME, high-value portfolio management, credit appraisal, corporate governance, and risk management. He has validated ESG ratings for more than 500 corporates and managed a business portfolio of approximately ₹1.5 trillion. His background includes leading digital banking adoption and business development with banks, NBFCs, MFIs, insurance companies, AMCs, and stockbrokers.

Ganesha Ecosphere has fixed Thursday, September 10, 2026, as the record date for determining eligibility for its recommended final dividend of ₹3.50 per equity share for FY26. The payout, subject to approval at the upcoming annual general meeting, will be paid on and after September 22, 2026.

The company filed its Annual Report for FY 2025-26 along with the notice of its 37th Annual General Meeting scheduled for September 17, 2026 at 12:15 pm via video conferencing. The filing was made to BSE Limited and National Stock Exchange of India Limited on August 26, 2026, pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's standalone financials for FY 2025-26 reflect pressure on margins despite a modest revenue uptick. The following table summarises key standalone metrics:

On a consolidated basis, total income rose to ₹1,499.08 crore from ₹1,483.64 crore, while consolidated net profit fell to ₹38.21 crore from ₹103.12 crore. Consolidated EBITDA stood at ₹141.71 crore against ₹210.58 crore in the previous year.

Five-Year Financial Trend

The table below captures key standalone metrics over the last five fiscal years:

Operational Highlights

Capacity utilisation reached 101% for FY26, indicating strong demand despite cost volatility. Operating cash flow more than doubled to ₹62.80 crore from ₹29.50 crore in FY25. The company operates six manufacturing facilities across Uttar Pradesh, Uttarakhand, Telangana, and Nepal, with a total recycling capacity of 206,940 MTPA. Key operational metrics include:

• 8.5+ billion PET bottles recycled annually
• 150,000+ MTPA of PET waste converted
• ~450 tonnes of daily PET bottle waste collection
• 400+ customers across 16+ countries
• 2,600+ total employees (Group)

Capacity Expansion

A 22,500-tonne brownfield expansion of rPET granules at Warangal was commissioned, with another 22,500-tonne expansion and debottlenecking underway. The Group targets installed capacity of approximately one lakh tonnes per annum by end of FY27. Food-grade rPET platform capacity following FY26 expansion stands at 64,500 MT.

Dividend and Share Capital

The Board recommended a final dividend of ₹3.50 per equity share (35% on face value of ₹10 each) for FY26, involving a cash outflow of ₹9.38 crore, subject to member approval at the AGM. During the year, the company allotted 13,39,000 fully paid-up equity shares at ₹1,035 per share to a promoter group entity upon conversion of warrants, raising ₹103.93 crore. Paid-up equity share capital stands at ₹26.80 crore comprising 2,67,95,984 equity shares.

Credit Rating and Governance

CARE Ratings reaffirmed the company's credit ratings as on March 31, 2026: A+; Stable for long-term bank facilities and A1+ for short-term bank facilities. The Board held five meetings during FY26. Shri Rajiv Kumar Saxena was appointed as an Additional Non-Executive Independent Director with effect from August 3, 2026, filling the vacancy created by the resignation of Shri Narayanan Subramaniam.

AGM Details

The 37th AGM will be held on September 17, 2026 at 12:15 pm via video conferencing. The book closure period runs from September 11, 2026 to September 17, 2026 (both days inclusive). The dividend payment date is on and after September 22, 2026. Remote e-voting will be open from September 14, 2026 (10:00 am) to September 16, 2026 (5:00 pm), with the cut-off date for e-voting being September 10, 2026.

Mr. S. K. Gupta, Practicing Company Secretary, has been appointed as the Scrutinizer, with Ms. Divya Saxena, Practicing Company Secretary, as the Alternate Scrutinizer, to oversee the e-voting process in accordance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Special Window for Physical Share Transfers

In compliance with SEBI Circular dated January 30, 2026, the company has opened a special window from February 5, 2026, till February 4, 2027. This allows shareholders to lodge or re-lodge transfer deeds of physical securities sold or purchased prior to April 1, 2019, which were not previously lodged or were rejected due to deficiencies. Investors are encouraged to submit original share certificates along with transfer deeds to the RTA, Skyline Financial Services Private Limited.