ANNUAL REPORT FOR THE F.Y 2024-2025
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Ganesha Ecoverse Limited (formerly SVP Housing Limited), listed on BSE SME platform (Scrip Code: 539041), has filed its Annual Report for FY 2024-25 along with the notice of its 22nd Annual General Meeting scheduled for September 30, 2025 at 4:00 PM via video conferencing. The AGM will consider adoption of audited standalone and consolidated financial statements and re-appointment of director Vishnu Dutt Khandelwal, who retires by rotation. Additionally, shareholders will vote on reclassifying the authorized share capital from ₹50 crore (split into 4 crore equity and 1 crore preference shares) to ₹50 crore (3 crore equity and 2 crore preference shares). The company also proposes to issue 1 crore 6% Redeemable Cumulative Preference Shares (Series-II) of ₹10 each, aggregating to ₹10 crore, on a private placement basis to Securocrop Securities India Private Limited, for the purpose of redeeming existing preference shares. Approval is also sought for material related party transactions with GESL Spinners Private Limited.
The reclassification and preference share issuance are aimed at restructuring the company's capital mix to enable redemption of existing preference shares. The proposed ₹10 crore RCPS-II is being issued to a single entity (Securocrop Securities), which may dilute the preference shareholding profile. The related party transaction approval with GESL Spinners reflects ongoing inter-group dealings that shareholders should monitor closely.