As per Annexure B and C of attached file, incorporation of Joint Venture with Rudrabhishek Infosystem Private Limited
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On February 17, 2026, the board of GEM Enviro Management approved forming a joint venture with Rudrabhishek Infosystem Private Limited, a wholly-owned subsidiary of listed Rudrabhishek Enterprises Limited. The proposed JV (tentatively named Nova GEM Limited) will have an authorized capital of Rs. 1 crore and paid-up capital of Rs. 50 lakhs. GEM Enviro will hold a 51% stake and Rudrabhishek Infosystem 49%, with GEM Enviro paying cash consideration for its stake. The JV will focus on providing technical and technological solutions in recycling, waste management, sustainability, and ecosystem conservation. Once incorporated (subject to MCA approval), the JV will become a subsidiary of GEM Enviro; the deal is not classified as a related-party transaction.
Strategically, this diversifies GEM Enviro into technology-driven sustainability services beyond its core waste-management operations. The financial size is modest (Rs. 50 lakh paid-up capital), so material earnings impact is unlikely in the near term, but the partnership with a Rudrabishek group entity could open new tech-enabled revenue streams.