GEM Enviro Management Ltd Modifies Proposed Investment in Solluz Energy to 26% Due to Contractual Obligations

GEM Enviro Management Ltd has announced a modification in its proposed investment in Solluz Energy Private Limited due to certain contractual obligations and further fundraising requirements. The Board of Directors has approved the modification, which will lead to a consequent dilution of the proposed stake from 50.10% to up to 26%. Solluz Energy, which operates in the solar energy domain, will become an associate of GEM Enviro Management Ltd post-investment. The investment is not a related party transaction and does not require any governmental or regulatory approvals. The investment is expected to be completed by March 31, 2026. Solluz Energy was incorporated in 2015 and is engaged in Engineering, Procurement, and Construction (EPC) services and installation of Solar Energy Plant. The company's last 3 years' turnover is FY 25: 34.91, FY 24: 17.18, FY 23: 10.44 (Rs. in crores).