GST Inspection at Ganesha Ecosphere Concludes Without Impact on Operations
Ganesha Ecosphere's Rampur facility underwent a GST inspection on July 17, concluding without significant findings or operational disruptions. The inspection, initiated by the Office of Additional Commissioner, Central Tax and GST, Commissionerate Meerut, found no issues and seized no documents. The company expects no impact on its financial position or operations. Separately, GPL Finance Limited, a promoter entity, pledged 4.03% of Ganesha Ecosphere's shares to fund equity warrant conversion.
17Jul 25
Ganesha Ecosphere Completes ₹103.93 Crore Warrant Conversion for Promoter Group
Ganesha Ecosphere Limited has completed a warrant conversion, allotting 13,39,000 equity shares at ₹1,035 per share to GPL Finance Limited, a promoter group entity. The transaction, valued at ₹103.93 crore, increases GPL Finance's stake from 9.13% to 13.67%. This marks the final conversion of 14,49,000 convertible equity warrants initially allotted in January 2024. The company's paid-up equity share capital has increased from ₹25.46 crore to ₹26.80 crore.
26May 25
Ganesha Ecosphere Reports Strong Q4 Performance with Revenue and Profit Growth
Ganesha Ecosphere, a leading recycled polyester staple fiber manufacturer, announced robust Q4 financial results. Revenue increased by 14.67% year-over-year to ₹3.44 billion. EBITDA grew by 8.49% to ₹511.00 million, though the EBITDA margin slightly decreased to 14.84%. Consolidated net profit rose by 10.19% to ₹238.00 million, demonstrating the company's ability to translate revenue growth into bottom-line improvements despite potential challenges in maintaining profitability ratios.