gem enviro management has announced a delay in the acquisition of up to 26% stake in Solluz Energy Private Limited. The transaction, initially approved by the Board of Directors and expected to be completed by June 30, 2026, has been rescheduled to September 30, 2026, due to delays in ongoing procedural processes associated with the completion of the acquisition.

The company disclosed this update in a filing submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The initial announcement regarding the Board's approval was made on March 31, 2026.

Key Details of the Acquisition

The following table outlines the key details of the proposed transaction:

The company has requested the exchange to take the revised timeline on record and bring it to the notice of all concerned stakeholders. The acquisition remains subject to the completion of the pending procedural formalities.

GEM Enviro Management Limited reported a 23.6% year-on-year decline in net profit for the financial year ended March 31, 2026, to ₹46.50 crore, down from ₹60.87 crore in the previous year. Revenue from operations for FY26 rose to ₹95.55 crore, compared to ₹59.20 crore in FY25. The Board of Directors, which met on May 26, 2026, approved the audited standalone and consolidated financial results and recommended a final dividend of ₹0.25 per equity share, or 5%, subject to shareholder approval at the ensuing Annual General Meeting.

The statutory auditors, Rajiv Mehrotra & Associates, issued an unmodified opinion on the financial results. For the year ended March 31, 2026, the company reported total revenue of ₹96.83 crore, with total expenses amounting to ₹90.64 crore. Basic earnings per share (EPS) for the year stood at ₹2.06, down from ₹2.74 in the previous year.

Financial Performance

The company's operational metrics showed mixed trends. While revenue increased significantly, profit before tax declined to ₹6.19 crore from ₹8.08 crore in the prior year. Finance costs for the year increased to ₹0.26 crore from ₹0.01 crore. The board also noted the incorporation of a wholly owned subsidiary, GEM Green Infra Tech Private Limited, during the year, leading to the presentation of consolidated financial results for the first time.

Dividend Declaration

The Board recommended a final dividend of ₹0.25 per equity share of face value ₹5 each for the financial year 2025-26. This dividend is subject to the approval of shareholders at the company's Annual General Meeting. The record date for the dividend will be communicated in due course.