Contents
- 1 Overview of Ganesha Ecoverse Limited
- 2 Ganesha Ecoverse Rights Issue 2024 Details
- 3 Shareholding Pattern of the Company
- 4 Company Financials Report
- 5 How to Participate in the Ganesha Ecoverse Rights Issue 2024
- 6 Contact Information
- 7 Documents Of Ganesha Ecoverse Buyback 2024
- 8 Review
- 9 Ganesha Ecoverse Rights Issue 2024 FAQs
Ganesha Ecoverse Rights Issue 2024: Ganesha Ecoverse Limited has announced a Right Issue of shares in 2024.
Overview of Ganesha Ecoverse Limited
Ganesha Ecoverse Limited, previously known as SVP Housing Limited, is committed to producing textile yarns and garments through innovative technology and top-quality sustainable materials, catering to the growing needs of the dynamic market.
Their goal is to pave the path towards a more conscientious and thriving future, leaving a positive imprint on the world and leaving behind a valued heritage for generations to come.
Ganesha Ecoverse Rights Issue 2024 Details
Ganesha Ecoverse Limited has announced a Right Issue of shares in 2024. Here are the critical details:
- Security Name: Ganesha Ecoverse Limited
- Issue Type: Tender Offer
- Issue Size: 13,415,280 shares
- Issue Amount: ₹46.95 Crores
- Right Issue Price: ₹32 per share
- Record Date: Announce Soon.
- Face Value: ₹10 per share
- Listing At: BSE
Right Issue Ratio
| Category | Entitlement Ratio of Right Issue | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 6:5 For every 5 fully paid-up Equity Shares held on the Record Date, shareholders are entitled to receive 6 Rights Equity Shares. | 13,415,280 |
| Promoters | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SVP Builders (I) Limited | 32.20 | 32.20 | 32.20 | 32.20 | 32.20 | 32.20 | 32.20 | 11.63 | 0.00 | 0.00 | 0.00 | |
| Manoj Gupta | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 0.01 | 0.01 | 0.01 | |
| Saurabh Jindal | 2.24 | 2.24 | 2.24 | 2.24 | 2.24 | 2.24 | 2.24 | 2.24 | 0.00 | 0.00 | 0.00 | |
| Kanav Gupta | 1.59 | 1.59 | 1.59 | 1.59 | 1.59 | 1.59 | 1.59 | 1.59 | 0.00 | 0.00 | 0.00 | |
| Ankur Jindal | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 0.00 | 0.00 | 0.00 | |
| Ankush Jindal | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 0.00 | 0.00 | 0.00 | |
| Vishnu Dutt Khandelwal | 0.67 | 0.67 | 0.67 | 0.67 | ||||||||
| Sandeep Khandelwal | 0.67 | 0.67 | 0.67 | 0.67 | ||||||||
| Anju Gupta | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.01 | 0.01 | 0.01 | |
| Kailash Gupta | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.00 | 0.00 | 0.00 | |
| Bhanu Gupta | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | |||
| Bhanu Garg | 0.15 | 0.02 |
| Period | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public (%) | 56.19 | 56.19 | 56.19 | 56.19 | 56.19 | 56.19 | 56.19 | 76.76 | 98.49 | 98.48 | 98.60 | 98.66 |
Company Financials Report
- Ganesha Ecoverse Limited experienced a significant decrease in revenue by -99%.
- The profit after tax (PAT) also saw a substantial decline of -507.67%.
- These changes occurred between the financial years ending on March 31, 2023, and March 31, 2022.
- Assets decreased from ₹23.16 crore to ₹22.61 crore.
- Revenue dropped from ₹23.10 crore to ₹0.23 crore.
- Profit after tax (PAT) decreased from -₹0.38 crore to -₹2.34 crore.
How to Participate in the Ganesha Ecoverse Rights Issue 2024
To participate in the Ganesha Ecoverse Rights Issue 2024, shareholders need to follow these steps:
- Verify Eligibility: Ensure you hold shares of eClerx Services Limited and are eligible to participate in the buyback.
- Submit Tender Offer: During the issue period, submit your tender offer through your brokerage platform.
- Acceptance and Payment: If your tendered shares are accepted, you will receive payment at the buyback price of ₹2800 per share.
Contact Information
For any queries or assistance regarding the Ganesha Ecoverse Rights Issue 2024, you can contact the company at:
Ganesha Ecoverse Limited
P3-211, Second Floor
Central Square, 20, Manohar Lal
Khurana Marg, Bara Hindu Rao, New Delhi-110006
Phone: +91 9415108158
Email: ganeshaecoverse@gmail.com
Website: https://ganeshaecoverse.com/
Documents Of Ganesha Ecoverse Buyback 2024
Review
Ganesha Ecoverse Limited, formerly known as SVP Housing Limited, is paving the way for sustainable textile production with its innovative approach. By utilizing advanced technology and eco-friendly materials, the company is addressing the growing demand for environmentally responsible products in today’s market.
Despite facing challenges reflected in a significant revenue decrease of -99% and a staggering -507.67% drop in profit after tax between March 2022 and March 2023, Ganesha Ecoverse remains committed to its mission of fostering a greener future. With a dedication to quality and sustainability, Ganesha Ecoverse is poised to make a positive impact on both the industry and the planet.
Ganesha Ecoverse Rights Issue 2024 FAQs
What is Ganesha Ecoverse Limited’s main focus?
Ganesha Ecoverse Limited is dedicated to creating textile yarns and garments using advanced technology and sustainable materials to meet the demands of the evolving market while minimizing environmental impact.
Why did Ganesha Ecoverse Limited undergo a significant revenue decrease and profit drop?
The company experienced a substantial revenue decrease of -99% and a profit after tax (PAT) drop of -507.67% between the financial years ending March 31, 2023, and March 31, 2022, which could be attributed to various internal and external factors affecting the textile industry.
What steps is Ganesha Ecoverse Limited taking to address its financial challenges?
Ganesha Ecoverse Limited continues to focus on innovation, sustainability, and operational efficiency to navigate through financial challenges while maintaining its commitment to environmental responsibility.
