Gem Enviro Management has entered into a Share Subscription Agreement on August 11, 2026, to acquire a 26% stake in Solluz Energy Private Limited for ₹5,06,56,320. The investment secures significant governance rights for Gem Enviro, including the ability to nominate up to two directors to the Board of Solluz and pre-emptive rights on future equity issuances. This strategic move expands Gem Enviro’s footprint in the energy sector while establishing Solluz as an associate company.

The agreement was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Schedule III Part A Para A of the Listing Regulations. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Tripti Goyal, Company Secretary and Compliance Officer of Gem Enviro, certified the disclosure to BSE Limited.

Transaction Details

Gem Enviro agreed to invest ₹5,06,56,320 (Rupees Five Crore Six Lakh Fifty-Six Thousand Three Hundred Twenty only) to acquire 21,10,680 Equity Shares of Solluz. Each share has a face value of ₹10, issued at a price of ₹24 per share, including a premium of ₹14 per share. Prior to this transaction, Gem Enviro held no shareholding in Solluz.

Governance and Rights

The agreement grants Gem Enviro specific protective and participatory rights within Solluz. These include the right to nominate up to two Directors on the Board of Solluz and pre-emptive rights regarding further issues of Equity Securities. Additionally, Gem Enviro holds a right of first offer on any transfer of shares by the Promoters of Solluz and specified tag-along rights.

Certain reserved matters require the prior consent of Gem Enviro before execution by Solluz. These matters include changes in capital structure, the issue of securities, and other specified material matters. The parties confirmed that this is not a Related Party Transaction, as Solluz is not related to the promoter group or group companies of Gem Enviro. Following the completion of this investment, Solluz will be classified as an associate of Gem Enviro.

GEM Enviro Management Limited has updated its digital presence by changing its website domain from gemrecycling.com to gemenviro.com. The transition, effective July 16, 2026, aims to provide a clearer representation of the company's identity and business operations. Stakeholders accessing the previous domain will be automatically redirected to the new website to ensure uninterrupted access to information.

The company confirmed that all disclosures and information required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013, are maintained on the new domain. This move ensures compliance with regulatory standards while facilitating smooth access for all stakeholders.

The notification was submitted to the BSE Limited pursuant to Regulation 30 and 46 of the SEBI Listing Regulations. Tripti Goyal, Company Secretary and Compliance Officer, signed the communication on behalf of gem enviro management .