Ganesha Ecosphere Limited has informed the Exchange about further investment in an Associate Company.
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Awaiting price reaction for this filing.
On June 11, 2025, Ganesha Ecosphere invested Rs. 2.45 Crore in its associate company Ganesha Recycling Chain Private Limited (GRCPL) by subscribing to 2,45,006 equity shares at Rs. 100 each (Rs. 10 face value + Rs. 90 premium) on a rights basis. GRCPL operates in the plastic recycling industry and was incorporated in September 2024, but has reported zero turnover so far. The investment is part of Ganesha Ecosphere's strategy to strengthen its raw material supply chain for PET waste, which is a key input for its main recycling business. Post-investment, the company continues to hold a 49% stake in GRCPL, with no change in control, and GRCPL remains classified as an associate company.
Positive signal for vertical integration and supply chain security in Ganesha Ecosphere's core PET recycling business. However, the investment size is modest (Rs. 2.45 Crore) and GRCPL is a newly incorporated entity with no current revenue, so near-term financial impact on the listed company is likely limited.