Ganesha Ecosphere Limited has informed the Exchange about General Updates
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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 promoter group entity, on conversion of warrants. The total amount received is Rs. 103.93 crore, representing the balance 75% of the issue price. This was the final conversion of the 14,49,000 warrants originally allotted on January 18, 2024; 1,10,000 were earlier converted in March 2025. As a result, GPL Finance's stake rises from 9.13% to 13.67%, and the company's paid-up equity capital increases from Rs. 25.46 crore to Rs. 26.80 crore.
This is a final warrant conversion from an already-promoter-group allottee, so the dilution is now fully realized and no further shares are pending from this tranche. The Rs. 103.93 crore inflow strengthens the company's equity base, but existing non-promoter shareholders see their holding diluted by roughly 4.5%.