Ganesha Ecoverse Ltd — Board Meeting, 30-05-2025: Board Meeting

Ganesha Ecoverse Limited has announced a board meeting outcome approving the financial results for the quarter and half-year. The company reported standalone revenue from operations of Rs. 718.21 lakh for the year, with a loss before tax of Rs. 235.68 lakh and a net loss of Rs. 146.43 lakh. A significant fair value loss of Rs. 548.95 lakh on equity investments impacted expenses. The company shifted its business focus from shares trading to plastic and textile products during the year. It raised Rs. 46.95 Cr through a rights issue and invested Rs. 46.50 Cr in GESL Spinners Private Limited, which became an associate. The associate suffered losses due to flood damage but has resumed operations. Consolidated results reflect a net loss of Rs. 1572.98 lakh, including share of associate loss of Rs. 1337.30 lakh. Auditors issued an unmodified opinion, affirming the financial statements’ fairness and adherence to accounting standards.