In a strategic reversal, Ganesha Ecoverse Limited’s Board has approved a revised merger structure, deciding to merge itself into its associate company, GESL Spinners Private Limited. The restructured plan aims to optimize tax incentives, strengthen financial efficiency, and retain shareholder rights while positioning the combined entity for operational and financial growth.
Ganesha Ecoverse Limited has announced that its Board of Directors, based on the Audit Committee’s recommendation, has approved a revised merger plan under Sections 230–232 of the Companies Act, 2013. Instead of merging GSPL into Ganesha Ecoverse as initially planned in May 2025, the company will now merge itself into GSPL to leverage GSPL’s strong financial base and existing incentives.
The merged entity will continue under the name GESL Spinners Limited and remain listed on the BSE-SME platform. The transaction qualifies as a related-party merger but will be executed on an arm’s length basis and in full compliance with regulatory requirements.
Key Developments
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The merger aims to streamline group structure and enhance operational efficiencies
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GSPL’s larger business scale and tax benefits led to the revised structure
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Ganesha Ecoverse revenue stood at Rs 718.21 lakh; GSPL’s at Rs 5503.20 lakh (FY25)
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The share exchange ratio and revised shareholding pattern will be finalized post valuation
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The merged entity will maintain all shareholders’ rights and ensure compliance with SEBI norms
Sources: Company exchange filing, Ganesha Ecoverse Limited corporate announcement dated January 14, 2026