The Board approved the acquisition of 50.10 % stake in the Solluz Energy Private Limited
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On December 16, 2025, the Board of GEM Enviro Management approved the acquisition of a 50.10% stake in Solluz Energy Private Limited for approximately Rs. 5 crore in cash, making it a subsidiary. Solluz is an EPC and solar energy plant installation company with a strong revenue growth trajectory—turnover rose from Rs. 10.44 crore in FY23 to Rs. 17.18 crore in FY24 and Rs. 34.91 crore in FY25. The deal is expected to be completed by January 31, 2026, and no regulatory approvals are required. Solluz's solar EPC business aligns with GEM's core focus on environmental sustainability. Additionally, Mr. Suresh Kumar Gupta, a Chartered Accountant with 40+ years of experience, was appointed as a Non-Executive Independent Director for a 5-year term, and various board committees were reconstituted.
The acquisition is modest in size (Rs. 5 crore) but gives GEM a foothold in the fast-growing solar EPC segment, with the target's revenue more than tripling over two years—likely to be accretive once consolidated. The addition of a seasoned CA as Independent Director strengthens governance and financial oversight. Shareholders should expect Solluz's results to be consolidated into GEM's financials post-completion.