Ganesha Ecoverse Ltd — Important, 30-06-2026: Company Update

Ganesha Ecoverse Limited's board has approved a scheme to merge the company with GESL Spinners Limited. This strategic move aims to integrate their complementary businesses, achieve cost efficiencies, and strengthen the financial position of the combined entity, thereby enhancing shareholder value. Ganesha Ecoverse, with total assets of 67.81 Cr and revenue from operations of 0.36 Cr, will combine with GESL Spinners, which reported total assets of 321.69 Cr and revenue from operations of 119.37 Cr. Shareholders of Ganesha Ecoverse will receive 135 equity shares of GESL Spinners for every 100 shares held. This merger awaits necessary approvals.