Joint Venture17 Feb 2026, 05:47 pm
GEM Enviro Management Ltd to Incorporate Joint Venture with Rudrabhishek Infosystem Private Limited
AI Summary
GEM Enviro Management Ltd announced the incorporation of a Joint Venture Company with Rudrabhishek Infosystem Private Limited, a wholly owned subsidiary of Rudrabhishek Enterprises Limited. The Joint Venture aims to provide technical and technological solutions in recycling, waste management, sustainability and eco system conservation. The proposed subsidiary, Nova GEM Limited or any other name as may be approved by Ministry of Corporate Affairs, will have a proposed authorized share capital of Rs. 1,00,00,000 and proposed paid up share capital of Rs. 50,00,000. The Company will acquire up to 51% stake and Rudrabhishek Infosystem Private Limited will acquire up to 49% stake in the Joint Venture Company.
Key Highlights
- GEM Enviro Management Ltd to incorporate a Joint Venture Company with Rudrabhishek Infosystem Private Limited.
- The Joint Venture aims to provide technical and technological solutions in recycling, waste management, sustainability and eco system conservation.
- The proposed subsidiary, Nova GEM Limited, will have a proposed authorized share capital of Rs. 1,00,00,000 and proposed paid up share capital of Rs. 50,00,000.
- The Company will acquire up to 51% stake and Rudrabhishek Infosystem Private Limited will acquire up to 49% stake in the Joint Venture Company.
- The Joint Venture agreement is yet to be finalised and executed.