In compliance with Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at their ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GEM Enviro Management's Board, at its meeting on February 17, 2026, approved the incorporation of a new Joint Venture Company tentatively named 'Nova GEM Limited' in collaboration with Rudrabhishek Infosystem Private Limited (a wholly owned subsidiary of listed entity Rudrabhishek Enterprises Limited). GEM Enviro will hold a 51% stake (making it a subsidiary) while Rudrabhishek Infosystem will hold 49%, with the deal funded through cash consideration. The proposed authorized share capital is Rs. 1 crore and paid-up capital is Rs. 50 lakh. The JV will focus on providing technical and technological solutions in recycling, waste management, sustainability, and ecosystem conservation, aligning with GEM Enviro's core business. The transaction is not a related party transaction and is subject to MCA approval, with the JV agreement still to be finalized.
This is a strategic expansion into technology-driven sustainability solutions and reinforces GEM Enviro's core waste management business, likely to be viewed positively by investors as a growth move. However, the financial scale is modest (Rs. 50 lakh paid-up capital) and JV terms are yet to be finalized, so the near-term impact on stock price may be limited.