GP Eco Solutions India Limited has scheduled an Extra-Ordinary General Meeting (EGM) on June 20, 2026, to seek shareholder approval for raising capital through a preferential issue of equity shares and warrants. The company aims to aggregate up to ₹123.76 crore to fund working capital requirements, with the proceeds intended to be utilized by March 2028. The meeting will be conducted via video conferencing, with remote e-voting available from June 17 to June 19, 2026.

Preferential Allotment Details

The Board of Directors has approved the issuance of up to 553,000 equity shares and 2,847,000 fully convertible warrants. The securities will be allotted at a price of ₹364 per unit, determined in accordance with SEBI (ICDR) Regulations, 2018. The issue price is higher than the regulatory floor price of ₹363.86, derived from the volume-weighted average price of the company's shares on the National Stock Exchange.

The equity shares will be offered to 26 public category investors, while the warrants will be allocated to three promoters and four public entities. Promoters Anju Pandey, Deepak Pandey, and Astik Mani Tripathi are proposed to receive 233,334, 233,333, and 233,333 warrants respectively. The warrants are convertible into equity shares within 18 months from the date of allotment, with 25% of the consideration payable upfront and the balance due at the time of conversion.

Utilization of Proceeds

The company intends to utilize the net proceeds, estimated at ₹12,376 lakh, entirely for working capital requirements. Given that the issue size exceeds ₹100 crore, GP Eco Solutions is required to appoint a SEBI-registered credit rating agency to monitor the deployment of funds. The allotment of equity shares and warrants is proposed to be completed within 15 days from the date of shareholder approval, subject to regulatory clearances.

Key Resolutions

Alongside the capital raising proposal, the EGM agenda includes six special resolutions. Shareholders will vote on approving material related party transactions with subsidiaries such as Invergy India Private Limited and AN3 techno Power Limited. The company also seeks approval to increase its borrowing limits and the limit for selling assets to ₹750 crore each for the financial year 2026-27. Furthermore, the resolution includes granting loans, guarantees, or providing security to 13 group entities, including GPES Green Projects Private Limited and GPES Solar 10 Private Limited, totaling ₹780 crore.

Meeting and Voting Schedule

The EGM will be held on Saturday, June 20, 2026, at 02:30 PM IST. The book closure period is from June 13, 2026, to June 20, 2026. Shareholders as on the cut-off date of June 13, 2026, are eligible to vote. The remote e-voting period commences on June 17, 2026, at 09:00 AM and concludes on June 19, 2026, at 05:00 PM. The scrutinizer for the voting process is CS Naveen Shree Pandey.

GP Eco Solutions India has announced robust financial results for the first half of the fiscal year, showcasing significant growth across key metrics. The company's performance demonstrates strong momentum in its operations and financial health.

Financial Highlights

Key Takeaways

Substantial Profit Growth

GP Eco Solutions India more than doubled its net profit, reaching 104.00 crore rupees compared to 49.00 crore rupees in the same period last year. This remarkable 112.20% increase underscores the company's ability to enhance its bottom line effectively.

Strong Revenue Expansion

The company reported a significant 44.10% year-over-year growth in revenue, which rose to 1,200.00 crore rupees from 833.00 crore rupees. This substantial increase indicates robust demand for GP Eco Solutions India's products or services.

Improved Operational Efficiency

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial increase of 109.70%, rising from 72.00 crore rupees to 151.00 crore rupees. This growth outpaced revenue expansion, suggesting improved operational efficiency.

Enhanced Profitability

The EBITDA margin expanded by 377 basis points, increasing from 8.63% to 12.40%. This notable improvement in profitability margins indicates the company's success in managing costs while growing its business.

GP Eco Solutions India's strong H1 performance across various financial metrics reflects positively on its business strategy and execution. The company's ability to significantly increase profits while expanding revenue and improving operational efficiency positions it well for continued growth in the Indian market.