Ganesha Ecosphere Limited has informed the Exchange regarding Outcome of Committee Meeting held on July 17, 2025.
GANECOS · price
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On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 3.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ganesha Ecosphere's Capital Raising Committee approved the allotment of 13,39,000 equity shares (face value Rs. 10) at Rs. 1,035 per share to GPL Finance Limited, a member of the Promoter Group. The shares were issued on conversion of the remaining warrants originally allotted on a preferential basis on January 18, 2024. The company received the balance 75% amount aggregating to Rs. 103.93 crore. Post-allotment, GPL Finance's stake in the company increased from 9.13% (23,23,809 shares) to 13.67% (36,62,809 shares). The paid-up equity share capital rose from Rs. 2,545.70 lakh to Rs. 2,679.60 lakh, and the total number of equity shares increased from 2,54,56,984 to 2,67,95,984.
With this allotment, all 14,49,000 warrants issued in January 2024 have now been fully converted into equity shares, completing the capital raising process. The promoter group's increased stake signals confidence in the company, though existing shareholders face mild dilution (~5% expansion of share count).