Ganesha Ecosphere Limited — Important, 31-03-2025: Committee Meeting Updates

Ganesha Ecosphere Limited has announced a board meeting on March 31, 2025, where the Capital Raising Committee approved the allotment of 1,10,000 fully paid-up equity shares to GPL Finance Limited, a member of the Promoter Group, at an issue price of ₹1,035 per share. The total amount raised from this transaction is ₹8.54 crore. Following this allotment, the company’s paid-up equity share capital increases to ₹2545.70 lakh, totaling 2,54,56,984 shares. The conversion of the remaining 13,39,000 warrants is possible until July 17, 2025. This development may indicate a strategic move to bolster capital and may foster a positive outlook among investors as the company strengthens its financial position.