22ND ANNUAL GENERAL MEETING OF GANESHA ECOVERSE LIMITED
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Ganesha Ecoverse Limited (formerly SVP Housing Limited), listed on the BSE SME platform (Scrip Code: 539041), has circulated the notice and Annual Report for its 22nd AGM scheduled for Tuesday, September 30, 2025 at 4:00 PM via video conferencing. Shareholders will consider (a) adoption of audited standalone and consolidated financial statements for FY25, (b) re-appointment of Non-Executive Director Vishnu Dutt Khandelwal (DIN: 00383507, father of Managing Director Sandeep Khandelwal) who retires by rotation, (c) reclassification of the authorised share capital of ₹50 crore - converting ₹10 crore of unissued equity into Redeemable Cumulative Preference Shares, and (d) issuance of 1,00,00,000 6% Redeemable Cumulative Preference Shares (Series-II) of ₹10 each, aggregating ₹10 crore, on a private placement basis to M/s Securocrop Securities India Private Limited, to refinance existing preference shares the company cannot currently redeem from profits. Shareholders will also consider approving material related party transactions with GESL Spinners Private Limited under SEBI Listing Regulations.
Beyond routine business, the AGM includes a ₹10 crore private placement of preference shares with a single non-promoter allottee, which may dilute future equity if not redeemed and requires careful review. The material RPT approval with GESL Spinners - a related party linked to the promoter family - and director re-appointment warrant shareholder attention given governance implications.