Ganesha Ecoverse Limited appointed Anshuman Singh as its new Company Secretary and Compliance Officer. The Board of Directors approved the appointment with immediate effect on August 31, 2026.

The decision followed recommendations from the Nomination and Remuneration Committee. The Board meeting commenced at 7:15 pm and concluded at 8:00 pm on the same day.

Appointment Details

Mr. Singh brings three years of experience as a Company Secretary in employment. He is a member of the Institute of Company Secretaries of India (ICSI) and holds a commerce degree. His ACS number is 71651.

The appointment aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its disclosure to the BSE SME platform.

Key Particulars

Sandeep Khandelwal, Managing Director, signed the disclosure filed with the Listing Department of BSE Limited.

Ganesha Ecoverse Limited has approved a scheme of amalgamation with GESL Spinners Limited, a move aimed at consolidating their complementary business activities. The appointed date for the merger is April 1, 2026, subject to the approval of the National Company Law Tribunal. The scheme, approved by the board on June 30, 2026, will see the transferor company merge into the transferee company, resulting in the dissolution of Ganesha Ecoverse Limited without winding up.

The merger is subject to statutory and regulatory approvals, including those from BSE Limited, Securities and Exchange Board of India, and the National Company Law Tribunal. The share exchange ratio has been fixed at 135 equity shares of GESL Spinners Limited for every 100 equity shares of Ganesha Ecoverse Limited. Preference shareholders will receive one non-convertible redeemable preference share of the transferee company for every one share held in the transferor company.

Financial Overview

The financial details of both entities as of March 31, 2026, highlight the scale of the consolidation. GESL Spinners Limited reported total assets of ₹32168.69 lakh, significantly higher than Ganesha Ecoverse Limited's ₹6780.63 lakh. The revenue from operations for the transferee company stood at ₹11936.78 lakh, compared to ₹36.18 lakh for the transferor company.

*Excluding Preference Share Capital of ₹1000.00 Lakh.

Rationale and Shareholding Pattern

The board believes the merger will allow for a more focused strategy, cost optimization, and better utilization of assets. The consolidation is expected to enhance shareholder value by integrating business synergies and creating a single entity with a stronger financial capability to withstand competition. The transaction is a related party affair but has been conducted at arm's length based on a valuation report by Mr. Manish Manwani, a Registered Valuer.

Post-merger, Ganesha Ecoverse Limited will cease to exist. The shareholding pattern of GESL Spinners Limited will change significantly, with public shareholding increasing to 73.56% from 27.38%. Promoter holding in the transferee company will decrease to 26.44% post-scheme. The liability of creditors of both companies will be assumed and discharged by GESL Spinners Limited in the ordinary course of business.