Ganesha Ecosphere Limited announced that its wholly owned subsidiary, Ganesha Ecopet Private Limited, has obtained approval from the Food Safety and Standards Authority of India (FSSAI). This authorization permits the production of food-grade recycled PET (rPET) at the company's facility in Telangana.

The approval was granted on October 15, 2026, specifically for the subsidiary's fourth production line. The facility is located at Plot No. B73-78, Kakatiya Mega Textile Park, District Warangal. This development enables the company to manufacture food contact material (FCM) compliant rPET using Starlinger recoSTAR technology.

Regulatory details and validity

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The FSSAI authorization is valid for a period of two years from the date of issue. Consequently, the license remains effective until October 14, 2028.

Strategic expansion in recycling capacity

This regulatory clearance marks a significant step for the subsidiary's operational capabilities. By securing approval for its fourth line, Ganesha Ecopet expands its authorized capacity to produce high-quality recycled plastic suitable for food packaging applications. The use of Starlinger recoSTAR technology indicates adherence to stringent international standards required for food safety compliance.

The move underscores the company's focus on sustainable materials within the textile and packaging sectors. The specific mention of food-grade certification differentiates this output from standard industrial rPET, potentially opening access to premium market segments requiring strict regulatory compliance.

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.