The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GPL Finance Ltd
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GPL Finance Limited, part of the promoter group of Ganesha Ecosphere Ltd, has acquired 13,39,000 equity shares by converting warrants into shares on July 17, 2025. This increased GPL Finance's stake in the company from 9.13% to 13.67% of total share/voting capital, adding 5% to its holding. The pledged/encumbered shares remained unchanged at 10,25,000 shares (3.82% of total capital). As a result of the warrant conversion, the total equity share capital of Ganesha Ecosphere expanded from 2,54,56,984 shares to 2,67,95,984 shares of Rs. 10 each. This is a promoter-group entity strengthening its position via a pre-planned warrant conversion rather than an open-market purchase.
This is a positive signal showing promoter group's continued commitment and confidence in the company, as they are choosing to convert warrants into shares rather than letting them lapse. The increase in stake from 9.13% to 13.67% may be viewed positively by retail investors, though it also means more share dilution for existing shareholders.