Ganesha ecoverse Limited has issued a regulatory clarification to BSE Limited regarding significant movement in its equity share price, stating that no material events or price-sensitive information warrant disclosure under current regulations.

Regulatory Compliance Statement

In a filing dated April 07, 2026, the company informed BSE that there are no events, information, or price-sensitive developments as of the date that have a bearing on the company's operations or performance. The company specifically noted that no information requires disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Company's Position on Price Movement

The company expressed its inability to comment on the significant movement in its security price on the exchange in recent periods. This stance aligns with regulatory requirements where companies are expected to clarify price movements only when there are underlying material developments or events.

Commitment to Regulatory Compliance

Ganesha Ecoverse Limited reaffirmed its commitment to maintaining transparency and regulatory compliance. The company stated that it would continue to comply with applicable provisions of SEBI Listing Regulations by promptly informing the exchange of all material information, events, or announcements as they occur.

Company Background

The company operates under the name Ganesha Ecoverse Limited, having formerly been known as SVP Housing Limited. The registered office is located in Village Temra, Tehsil-Bilaspur, District Rampur, Uttar Pradesh. The filing was signed by Company Secretary Neha Gajwani on behalf of the company.

Ganesha Ecoverse Limited has announced a significant reversal in its merger strategy following a board meeting held on January 14, 2026. The company's board of directors, acting on the audit committee's recommendation, has reconsidered its earlier decision and now approved the merger of Ganesha Ecoverse into GESL Spinners Private Limited (GSPL), reversing the previously planned structure.

Strategic Reversal in Merger Structure

The board's decision represents a complete reversal from its announcement, which had initially approved GSPL's merger into Ganesha Ecoverse. The new structure designates GSPL as the surviving entity, a change driven by business size considerations and significant financial incentives available to GSPL.

The company stated that the revised structure would facilitate the merged entity's ability to continue availing existing taxation and financial benefits available to GSPL, making it more advantageous for shareholders. The resulting entity will remain listed on the BSE-SME platform with no dilution of shareholders' rights.

Financial Profile Comparison

The merger involves two companies with distinct financial profiles, as detailed in their audited financial statements for the year ended March 31, 2025:

GSPL's significantly larger operational scale and revenue base appear to have influenced the board's decision to position it as the surviving entity.

Business Alignment and Operations

Both companies operate in complementary business segments within the textile and recycling industry. Ganesha Ecoverse deals with plastic and textile products in various forms, including virgin and recycled materials. GSPL specializes in manufacturing recycled spun yarn and sewing thread from recycled polyester staple fiber, creating natural business synergies.

Merger Rationale and Expected Benefits

The board outlined several strategic advantages expected from the merger:

Regulatory Compliance and Next Steps

The merger will proceed under Sections 230 to 232 of the Companies Act, 2013, and applicable SEBI regulations. As GSPL is an associate company of Ganesha Ecoverse, the transaction qualifies as a related party transaction but will be conducted at arm's length in compliance with applicable laws.

Key details including the share exchange ratio and changes in shareholding patterns will be determined following completion of the valuation process. The board meeting, which lasted from 4:00 PM to 5:30 PM, formalized this strategic decision that aims to optimize the combined entity's operational and financial benefits.