GP Eco Solutions Approves Corrigendum for Preferential Issue of Shares and Warrants
The Executive Board Committee of GP Eco Solutions India Limited recently approved a corrigendum to the Extraordinary General Meeting (EGM) Notice, addressing required modifications following a query from the National Stock Exchange of India Limited. The EGM is scheduled to seek members' approval for a proposed preferential issue of Equity Shares and Fully Convertible Warrants by the Company.The Committee held its meeting on June 09, 2026. This action was taken after noting that certain modifications were necessary in the EGM Notice and the Explanatory Statement, as requested by the Stock Exchange in a letter dated June 04, 2026. The Committee approved the corrigendum incorporating these changes and confirmed that all other contents, terms, and conditions of the original EGM Notice remain unchanged.
The Extraordinary General Meeting is scheduled to be held on Saturday, June 20, 2026, at 02:30 P.M. (IST) via Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
Details of Equity Share Offerings
GP Eco Solutions has proposed the issue and allotment of up to 5,53,000 Equity Shares of the face value of Rs. 10/- each, for cash, aggregating up to Rs. 20,12,92,000/-. The issue price set for these shares is Rs. 364/- per Equity Share.The proposed investors in this tranche include various institutional and individual entities:
| S.N. | Proposed Allottee |
|---|---|
| 1 | Sandeep Singh |
| 2 | Khushboo Siddharth Nahar |
| 3 | Smart Horizon Opportunity Fund |
| 4 | Vijaya Sharma |
| 5 | Amarpal Singh Hura HUF |
| 6 | Mastermind JPIN SME Growth Fund |
| 7 | North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund |
| 8 | Alphagrow Avenues LLP |
| 9 | Anu Aggarwal |
| 10 | Gaurav Lohiya |
| 11 | Sagent India Private Limited |
| 12 | Dalip Singh Mohoora |
| 13 | Neelotpal Shukla |
| 14 | Akriti Mahajan |
| 15 | Pine Capital |
| 16 | Suresh Zunzunwala |
| 17 | Vaibhav Agarwal |
| 18 | Jagdip Singh |
| 19 | Rajan Goel |
| 20 | Manoj Kumar |
| 21 | Uma Shankar Gaud |
| 22 | Ashok Singh |
| 23 | Kolumbus Financial Advisory Services LLP |
| 24 | Jatin Sharma |
| 25 | Tiger Assets Private Limited |
Details of Fully Convertible Warrants
The Company has also planned the issue and allotment of up to 28,47,000 Fully Convertible Warrants at an issue price of Rs. 364/- per Warrant. The total aggregation for these warrants is up to Rs. 1,03,63,08,000/-, which was determined in accordance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.The proposed investors who will be alloting the Warrants include:
| S.N. | Proposed Allottee |
|---|---|
| 1 | Anju Pandey |
| 2 | Deepak Pandey |
| 3 | Astik Mani Tripathi |
| 4 | Minerva Ventures Fund |
| 5 | Al Maha Investment Fund PCC - ONYX Strategy |
| 6 | Kolumbus Financial Advisory Services LLP |
| 7 | LRSD Securities Private Limited |
The Warrants are convertible into an equivalent number of Equity Shares of Rs. 10/- each within a maximum period of 18 months from the date of allotment. The consideration for the warrants is cash, and no cancellation or termination of this proposal has occurred.
GPECO Stock Price Movement
GP Eco Solutions India Limited shares closed higher today, climbing 1.09% to settle at ₹466. The stock traded within a tight range of ₹456 to ₹474, recording a volume of 13,400 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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