19-Oct-2026 14:57:52

GEMENVIROAcquisition and merger

GEMENVIRO : ACQUIRES 75% STAKE IN NOVUSCOM NEO FOR RS 30 L

• Company allotted 30,000 equity shares of ₹10 each and 2,70,000 0.001% CCPS of ₹10 each of Novuscom Neo on preferential basis on October 19, 2026 • Cost of acquisition Rs. 30,00,000 (~₹30 L), consideration in cash; no governmental or regulatory approval required • Post transaction, Novuscom Neo has become a subsidiary of the Company with 75% stake • Novuscom incorporated November 3, 2025; engaged in analysis-led research assessing brands on sustainability, financials and governance parameters • Target turnover not applicable as business operations are yet to commence; entity is India-based • Acquisition aligns with GEM's core business of environmental sustainability

GEM Enviro Management Ltd

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