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Elpro International Limited has announced its latest strategic move, acquiring equity shares of Ganesha Ecosphere Limited on August 13, 2025. This transaction, disclosed under Regulation 30 of SEBI Listing Regulations, adds fresh momentum to Elpro’s investment portfolio and marks a notable event in the Indian textile and sustainability sectors.
In a bid to diversify investments and tap into the expanding textile recycling market, Elpro International Limited has acquired equity shares worth INR5.02 crore of Ganesha Ecosphere Limited. Ganesha Ecosphere, recognized as a leading manufacturer of recycled polyester staple fiber (rPET), stands at the forefront of India’s eco-friendly textile solutions. This acquisition, confirmed by regulatory disclosures today, signals the growing interest of diversified companies in the sustainable textiles domain.
Key Highlights and Details of the Acquisition
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Elpro International Limited completed the acquisition of equity shares in Ganesha Ecosphere Limited for a total cash consideration of INR5.02 crore on August 13, 2025.
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The acquisition does not fall under related party transactions. No members of Elpro’s promoter or promoter group have any interest in the entity being acquired besides this investment.
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Ganesha Ecosphere operates in the ‘Other Textile Products’ industry, specializing in polyester fiber and yarn manufacturing derived from recycled PET bottles, representing innovation in circular economy practices.
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The purpose behind this acquisition is purely investment-driven, allowing Elpro to benefit from Ganesha’s robust growth and sustainability credentials.
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No additional governmental or regulatory approvals were necessary, streamlining the process for Elpro International.
Financial Performance of Ganesha Ecosphere
As per the most recent audited financials (FY2023-24), Ganesha Ecosphere reported a consolidated revenue from operations of approximately INR1,122.93 crore, confirming its substantial market presence and consistent upward trajectory in India’s recycled textile sector.
The company’s consolidated turnover speaks to its established leadership as a pioneer in recycled fiber manufacturing and its successful penetration of domestic and international markets over the years.
Segregated Aspects of the Transaction
Industry Impact and Potential:
The acquisition highlights the increasing synergy between traditional industrial conglomerates and emerging green technology ventures.
Ganesha Ecosphere’s specialization in rPET fiber contributes to India’s efforts toward environmental sustainability, making it a valuable addition to Elpro’s investment pursuits.
Transaction Structure:
The entire consideration for the shares was paid in cash, indicating a straightforward and transparent transaction executed at arm’s length.
The cost of acquisition, fixed at INR5.02 crore, reflects Elpro’s confidence in Ganesha Ecosphere’s potential for sustainable returns amid shifting market demands.
Timelines and Approval:
The transaction was completed swiftly, with no need for further governmental or regulatory permissions, marking an efficient deal completion in the current regulatory landscape.
Future Outlook
Elpro International is likely to leverage this investment to enhance its footprint in ESG-driven industries. Meanwhile, Ganesha Ecosphere’s continued growth in recycled textiles aligns with global sustainability trends, potentially offering lucrative returns for Elpro over time. Both companies now stand to gain from each other’s strengths: Elpro from Ganesha’s innovation, and Ganesha from Elpro’s financial backing and diversified experience.
Source: Real-time disclosure as per SEBI Regulation 30 (August 13, 2025) and investor presentation notes.
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