Ganesha Ecoverse Board approves merger with GESL Spinners
Ganesha Ecoverse Ltd's Board approved the scheme of amalgamation with GESL Spinners Limited (GSL) at its meeting on June 30, 2026. Ganesha Ecoverse (Transferor Company) will merge into GESL Spinners (Transferee Company). The merger is contingent on statutory and regulatory approvals from bodies like BSE, SEBI, NCLT, and the respective shareholders and creditors. The appointed date for the scheme is April 1, 2026. As of March 31, 2026, Ganesha Ecoverse reported total assets of ₹6780.63 Lakh, net worth of ₹5548.35 Lakh, and revenue from operations of ₹36.18 Lakh. GESL Spinners, the Transferee Company, had total assets of ₹32168.69 Lakh, net worth of ₹3420.72 Lakh, and revenue from operations of ₹11936.78 Lakh. The transaction is identified as a related party transaction.
Key Highlights
- Board approved Ganesha Ecoverse's merger into GESL Spinners.
- Merger requires various regulatory and shareholder approvals.
- Appointed date for amalgamation scheme is April 1, 2026.
- Ganesha Ecoverse: ₹67.81 Cr assets, ₹55.48 Cr net worth.
- GESL Spinners: ₹321.69 Cr assets, ₹34.21 Cr net worth.
Price Impact
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