<h1>Stock Exchanges Grant 'No Objection' on Ganesh Housing Ltd Scheme of Arrangement</h1>
<p>The proposed Scheme of Arrangement involving Ganesh Housing Limited (GHL) and Gatil Properties Private Limited (GPPL) has received "no objection" status from both BSE and National Stock Exchange of India (NSE), allowing the companies to proceed with filing the scheme before the Hon'ble National Company Law Tribunal (NCLT).</p>
<p>The Scheme, which involves the Transferee Company Ganesh Housing Limited and the Transferor Company Gatil Properties Private Limited and their respective shareholders, has been reviewed by the stock exchanges. The observations were issued by both BSE and NSE on July 06, 2026.</p>
<p>The successful receipt of these observation letters marks a critical step in advancing the corporate restructuring process. The companies had previously informed that the Board of Directors had approved the Scheme, subject to necessary regulatory and other approvals.</p>
<p>In line with the review process, the exchanges stipulated several requirements related to disclosure and compliance. Both BSE and NSE reviewed the draft scheme and advised the entities involved to ensure comprehensive transparency. These disclosures include providing a brief explanation of the arrangement, detailing the rationale for the merger and synergies between the entities, and presenting pre-and post-scheme shareholding details.</p>
<p>Furthermore, the companies are required to disclose financial parameters such as Capital build-up, Revenue, PAT (Profit After Tax), and EBITDA for both Ganesh Housing Limited and Gatil Properties Private Limited for the last three years. The process also necessitates detailing the value of assets and liabilities being transferred to Ganesh Housing Limited, along with a post-merger balance sheet.</p>
<p>The observations from the exchanges emphasized that the Scheme must incorporate all details related to any ongoing adjudication or recovery proceedings initiated against the companies, their promoters, or directors. These points are essential for the petitioning process before the NCLT.</p>
<p>The stock exchanges confirmed that this "no objection" status facilitates the filing of the draft scheme with the NCLT, provided all necessary regulatory and other approvals are subsequently obtained. The validity period for these observation letters is six months from July 06, 2026. The companies have also been cautioned that the submission of documents to SEBI or the Exchanges should not be construed as final clearance or approval.</p>
GANESHHOU Stock Price Movement
GANESH HOUSING LIMITED shares tumbled by 0.8% today, settling in post-market trading at ₹804.15. The stock traded 50,526 times throughout the session, closing well above its intraday low of ₹792.75.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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