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, a member of the promoter group of Ganesha Ecosphere Ltd, converted 1,10,000 warrants into 1,10,000 equity shares of Rs. 10 each on March 31, 2025. As a result, GPL Finance's direct voting shareholding in Ganesha Ecosphere rose from 8.73% (22,13,809 shares) to 9.13% (23,23,809 shares), while its warrant holding fell correspondingly from 5.41% to 5.00%. The combined economic interest of GPL Finance remained unchanged at 13.67% of the company's share/voting capital. The total equity share capital of Ganesha Ecosphere increased from 2,53,46,984 to 2,54,56,984 shares because of this conversion. The promoter group as a whole (18 individuals and entities including the Sharma and Khandelwal families) continues to hold the same overall stake.
This is a technical conversion of existing warrants into shares by a promoter-group entity, not a fresh open-market purchase, so the promoter's total economic stake in Ganesha Ecosphere stays flat at 13.67%. The change slightly increases GPL Finance's voting shareholding percentage but is unlikely to move the stock price on its own.