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Ganesha Ecoverse Ltd (formerly SVP Housing Limited) held its 22nd Annual General Meeting on 30th September 2025 via video conferencing. All five resolutions put to vote were passed with overwhelming majority of around 99.8%. The resolutions included adoption of audited standalone and consolidated financial statements for FY25, re-appointment of director Vishnu Dutt Khandelwal, reclassification of authorized share capital, and approval for issuance of 1 crore 6% redeemable cumulative preference shares of Rs. 10 each. A material related party transaction with GESL Spinners Private Limited (GSPL) was also approved. Only 25 members participated in remote e-voting with no votes cast during the AGM itself, and dissent was minimal (one shareholder with 7,500 shares voted against across resolutions).
Shareholders have cleared the path for the company to issue 1 crore preference shares to redeem existing ones (essentially a refinancing) and proceed with material related party transactions with GSPL. The near-unanimous approval signals strong shareholder support, though very low voter turnout (25 members) means outcomes are largely driven by a small group of holders.