GP Eco Solutions India Limited updated the shareholding details of preferential allottee Manoj Kumar following its Extraordinary General Meeting (EGM) held on June 20, 2026. The meeting, conducted via video conferencing, had previously secured shareholder approval for the preferential issuance of equity shares and warrants to the public and promoter categories. This update provides specific shareholding data for one of the key allottees involved in the recent capital restructuring.

The resolutions authorized the issuance of up to 5,53,000 equity shares to the "public" category and up to 28,47,000 fully convertible warrants to the "promoter" and "public" categories on a preferential basis. Shareholders also approved a material related party transaction under Section 188 of the Companies Act, 2013, and sanctioned an increase in the limits for the company to sell assets under Section 180(1)(a) of the Companies Act, 2013.

Voting Results

The remote e-voting process was conducted from June 17, 2026, to June 19, 2026, while e-voting during the EGM saw no participation. The scrutinizer's report, submitted by Mr. Naveen Shree Pandey of NSP & Associates, confirmed the following results:

Governance Approvals

The meeting approved the borrowing powers of the company under Section 180(1)(c) of the Companies Act, 2013, for the financial year 2026-2027. Additionally, shareholders authorized the grant of loans, providing guarantees, or security under Section 185 of the Companies Act, 2013. The proceedings were overseen by Mr. Naveen Shree Pandey, and the report will be available on the company's website and the National Stock Exchange of India Limited.

GP Eco Solutions India Limited has disclosed the transcript of its H2 FY26 earnings conference call held on June 10, 2026. The management, led by Managing Director Mr. Deepak Pandey and Director Mr. Astik Mani Tripathi, outlined the company's transformation into an integrated clean energy manufacturer following the commissioning of its Dasna Giga factory. The company provided guidance for FY27, targeting a two to three times growth in revenue and profit before tax (PBT), alongside an 8 to 10% increase in EBITDA margins.

Operational Highlights and Strategic Shifts

Financial Year 2025-26 marked a strategic pivot for the company, with the manufacturing vertical contributing 31% of revenue compared to 17% in the previous year. The contribution from distribution decreased to 53% from 76%, while the EPC vertical, through subsidiary GPS Green Projects Private Limited, increased its share to 16% from 7%. For FY27, the company anticipates a revenue mix of approximately 53% from Invergy production, 33% from GPS Green Projects, and 13% from distribution.

Giga Factory and Capacity Expansion

The company commissioned the first phase of its state-of-the-art Giga factory at Dasna, Uttar Pradesh, on May 30, 2026. Management confirmed that the facility is expected to achieve full operational capacity of 3 gigawatt-hours by September 30, 2026. The total investment in the facility is approximately ₹200 crore. Looking ahead, the company plans to expand capacity to 5 gigawatt-hours by 2027-28, contingent on order accruals and performance in the current fiscal year.

Financial Performance and Order Book

The company reported a three to four times growth in PBT for FY26, fulfilling previous guidance despite missing the revenue target of ₹550-600 crore. Actual revenue for the year was ₹414 crore, impacted by the deferral of projects worth approximately ₹150-200 crore to FY27 due to policy changes and increased raw material costs. The confirmed cumulative order pipeline stands at approximately ₹50 crore for the EPC segment, ₹300 crore for BESS orders, and over ₹70 crore for the inverter segment.

Product Portfolio and Market Position

Under the Invergy brand, the company offers a complete range of battery energy storage systems (BESS) and PV string inverters. The portfolio includes residential units (5-30 kilowatt-hour), commercial and industrial solutions (50-kilowatt to 2 megawatt-hour), and utility-scale storage (3-5 megawatt-hour). The company highlighted its differentiation as a genuine manufacturer, conceptualizing and assembling products in India, which allows it to compete with international prices and offer customized solutions.

The transcript was submitted to the National Stock Exchange of India Ltd under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.