Ganesha Ecoverse , formerly known as SVP Housing Limited, has announced a significant change in its corporate structure. The company has successfully relocated its registered office from the National Capital Territory of Delhi to the State of Uttar Pradesh, following approval from the Registrar of Companies (ROC).

Key Details of the Relocation

Regulatory Compliance

The company has adhered to the necessary regulatory requirements for this transition:

1. Obtained approval from the Regional Director on July 28, 2025.
2. Received the Certificate of Registration from the ROC on October 16, 2025.
3. Altered Clause II of the Memorandum of Association to reflect the change in registered office location.
4. Informed the BSE Limited - SME in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Background

Ganesha Ecoverse operates in the manufacturing and dealing of plastic products, textiles, and related materials. The company's main objectives include:

• Manufacturing, processing, and recycling various plastic products
• Dealing in polyester filament yarn and related textile products
• Producing and supplying fabrics, textiles, and industrial fabrics
• Manufacturing ready-made garments and medical textile products

Impact and Outlook

This strategic move to relocate the registered office may potentially streamline the company's operations, aligning them more closely with its manufacturing base or target markets. However, the specific reasons for this relocation and its potential impact on the company's operations have not been disclosed in the available information.

Investors and stakeholders are advised to monitor future communications from the company for any updates on how this change might affect its business strategy or operational efficiency.

Note: The information in this article is based on the official communication from Ganesha Ecoverse to BSE Limited - SME, dated October 17, 2025.

Ganesha Ecoverse Limited , formerly known as SVP Housing Limited, has made significant changes to its capital structure and approved several key resolutions at its 22nd Annual General Meeting (AGM) held on September 30, 2025. The company, listed on the BSE SME platform under the scrip code 539041, has reclassified its authorized share capital while maintaining the total at ₹50 crore.

Capital Restructuring

The shareholders approved alterations to the company's Memorandum of Association (MOA), specifically the Capital Clause (Clause V). The revised structure of the authorized share capital is as follows:

This reclassification reduces the number of equity shares while increasing the number of redeemable cumulative preference shares, potentially indicating a shift in the company's capital strategy.

Key Resolutions Approved

The AGM, which was conducted through video conferencing, saw the approval of several important resolutions:

1. Adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025.
2. Re-appointment of Shri Vishnu Dutt Khandelwal (DIN: 00383507) as a Director, who was retiring by rotation.
3. Approval for the issuance of 1,00,00,000 6% cumulative Redeemable Preference Shares of ₹10 each for the redemption of existing Preference Shares.
4. Approval for material related party transactions with GESL Spinners Private Limited (GSPL).

Management Commentary

Mr. Vishnu Dutt Khandelwal, Chairman of Ganesha Ecoverse Limited, chaired the AGM proceedings. The meeting, which commenced at 4:00 PM (IST) and concluded at 4:38 PM (IST), provided an opportunity for registered speakers to ask questions and seek clarifications from the management.

Corporate Governance and Transparency

In compliance with regulatory requirements, the company appointed Mr. Hemant Kumar Sajnani, a Practicing Company Secretary, as the scrutinizer to oversee the e-voting process. The combined results of remote e-voting and e-voting during the AGM are expected to be declared by October 3, 2025.

Ganesha Ecoverse Limited's move to restructure its share capital and the approval of key resolutions reflect the company's evolving financial strategy and commitment to corporate governance. Investors and stakeholders will be keenly watching how these changes impact the company's future growth and financial performance.