GEM Enviro Management Limited has announced a three-month extension in the timeline for its planned acquisition of Solluz Energy Private Limited. The company informed the BSE on March 31, 2026, that operational difficulties have necessitated pushing back the completion deadline.

Acquisition Details and Timeline Extension

The company's Board of Directors had previously approved the acquisition of up to 26% stake in Solluz Energy Private Limited in December 2025. The target company, incorporated with CIN U52100DL2015PTC277648, was initially expected to be acquired by March 31, 2026.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure serves as a continuation of the company's earlier corporate announcement dated December 26, 2025, which had initially informed stakeholders about the Board's approval for the acquisition.

Company Communication

The formal communication to BSE was signed by Tripti Goyal, Company Secretary and Compliance Officer (Membership No. ACS73180). The company has requested BSE to take note of this timeline extension and bring it to the attention of all concerned parties.

GEM Enviro Management Limited operates from its registered office in Delhi and corporate office in Noida, focusing on environmental management and recycling solutions. The company trades on BSE under the scrip code 544199.

GEM Enviro Management Limited's Board of Directors has approved the incorporation of a joint venture company with Rudrabhishek Infosystem Private Limited during a board meeting held on February 17, 2026. The strategic partnership aims to provide technical and technological solutions in recycling, waste management, sustainability and ecosystem conservation.

Joint Venture Structure and Capital Details

The proposed joint venture company will be named Nova GEM Limited, subject to approval from the Ministry of Corporate Affairs. The company structure reflects a strategic partnership between the two entities with defined shareholding arrangements.

Partner Company Profile

Rudrabhishek Infosystem Private Limited, a wholly owned subsidiary of Rudrabhishek Enterprises Limited, brings complementary capabilities to the joint venture. The partnership combines both companies' expertise in sustainability solutions.

Financial data as per audited financial statements for the financial year ended March 31, 2025

Business Scope and Strategic Rationale

The joint venture will operate in the domestic market, focusing on providing technical and technological solutions across multiple sustainability areas. The collaboration represents GEM Enviro's strategic investment to expand its capabilities in environmental solutions.

Key business areas include:

• Recycling solutions and technology
• Comprehensive waste management services
• Sustainability consulting and implementation
• Ecosystem conservation projects

Regulatory Compliance and Approvals

The joint venture formation complies with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The incorporation requires approval from the Ministry of Corporate Affairs before the company can commence operations.

The transaction does not constitute a related party transaction, and the joint venture agreement terms are yet to be finalized and executed. The board meeting, which commenced at 04:30 P.M. and concluded at 05:00 P.M., provided in-principle approval for the strategic partnership.

Upon incorporation, Nova GEM Limited will become a subsidiary of GEM Enviro Management Limited, strengthening the company's position in the sustainability and waste management sector.