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.

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.