GP Eco Solutions India Limited has approved a corrigendum to its Extraordinary General Meeting (EGM) notice dated June 09, 2026, following observations from the National Stock Exchange of India Limited. The EGM is scheduled to be held on June 20, 2026, at 02:30 P.M. IST through Video Conferencing to seek shareholder approval for a preferential issue of equity shares and fully convertible warrants. The Executive Board Committee approved the modifications to the notice and explanatory statement on June 09, 2026, to comply with the exchange's query letter dated June 04, 2026.

The company proposes to issue up to 5,53,000 equity shares and 28,47,000 fully convertible warrants at a price of ₹364 per security. The issue aggregates to ₹20,12,92,000 for the equity shares and ₹1,03,63,08,000 for the warrants. The minimum issue price was determined as ₹363.86, based on the higher of the 90-day and 10-day volume weighted average prices preceding the relevant date of May 21, 2026. The warrants are convertible into equivalent number of equity shares of ₹10 each within a maximum period of 18 months from the date of allotment.

The corrigendum rectifies the names of several proposed allottees that were inadvertently mentioned in the original notice. For instance, Mastermind JPIN Investment Managers LLP is corrected to Mastermind JPIN SME Growth Fund, and AlphaGrow Avenue LLP is corrected to Alphagrow Avenues LLP. Individual names such as Manoj Tomar and Anu Agarwal have been updated to Manoj Kumar and Anu Aggarwal, respectively. The status of the proposed allottees, whether promoter or non-promoter, remains unchanged post-issue.

The shareholding pattern before and after the preferential issue has been updated. The pre-issue shareholding structure shows promoters holding 61.92%, which is expected to decrease to 53.07% on a fully diluted basis post-issue. Public shareholding is projected to increase from 38.08% to 46.93%. The total post-issue share capital on a fully diluted basis will be 1,53,50,800 equity shares of ₹10 each.

Proposed Allottees for Equity Shares

Proposed Allottees for Warrants

The corrigendum also updates the web link for inspecting the Practicing Company Secretary's certificate. All other details in the original EGM notice remain unchanged and should be read in conjunction with this corrigendum.

GP Eco Solutions India Limited reported a 287.28% year-on-year increase in Profit After Tax (PAT) to ₹40.12 crore for the financial year ended March 31, 2026 (FY26). Total revenue grew 68.82% to ₹417.71 crore, driven by performance in its EPC and Battery Energy Storage Systems (BESS) segments. The company’s EBITDA for FY26 stood at ₹62.59 crore, with margins expanding to 14.98% from 6.82% in the previous year.

GP Eco Solutions India Limited disclosed these figures in an investor presentation submitted to the National Stock Exchange of India Ltd. The company attributed the strong financial performance to its integrated solar and energy storage platform. For FY26, the company achieved a PAT margin of 9.61%, compared to 4.19% in FY25.

Financial Performance

The company’s total income increased to ₹417.71 crore in FY26 from ₹247.44 crore in FY25. Key expenses included raw material costs of ₹326.58 crore and employee benefit expenses of ₹9.68 crore. Finance costs rose to ₹7.11 crore during the year.

Strategic Outlook

Management has set a target for 3x revenue growth in FY27 and 5x in FY28, using FY26 as a base year. The strategic focus remains on the BESS segment. Through its subsidiary Invergy India, the company currently has an installed base of 50+ MWh and a total BESS capability of 500+ MWh, which it plans to scale up to 3 GWh.

Operational Highlights

The company is expanding its manufacturing footprint with a new facility in Dasna, Uttar Pradesh. The Dasna factory, spanning 217,000 sq. ft., is scheduled to commence operations in Q4FY26. Additionally, the company commissioned India’s first fully indigenous 1 MWh BESS in April 2026, featuring 100% indigenous intellectual property.