GEM Enviro Management Limited has entered into a Share Subscription Agreement with Novuscom Neo Private Limited (CIN: U70200DL2025PTC457508) on September 16, 2026. This agreement was executed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and serves as a continuation of the company's earlier corporate announcement dated August 25, 2026.

Transaction Details

The agreement involves the acquisition of a 75% stake in Novuscom Neo Private Limited. Specifically, GEM Enviro will acquire:

  • 30,000 Equity Shares of Face Value ₹10 each at an issue price of ₹10 per share
  • 2,70,000 Compulsorily Convertible Preference Shares (CCPS) with 0.001% dividend rate, of Face Value ₹10 each at an issue price of ₹10 per share

The total consideration for this investment is ₹30,00,000 (Rupees Thirty Lakhs only).

Significant Terms and Rights

Under the agreement, GEM Enviro Management gains several special rights including:

  • Right to nominate up to three Directors on the Board of Novuscom
  • Pre-emptive rights on further issue of Equity Securities
  • Right of first offer on transfer of shares by the Promoters of Novuscom
  • Specified tag-along rights

Relationship and Transaction Status

The company confirms that:

  • There is no existing shareholding in Novuscom prior to this transaction
  • The parties are not related to promoter/promoter group/group companies in any manner
  • This transaction does not qualify as a Related Party Transaction
  • Subsequent to this investment, Novuscom will become a subsidiary of GEM Enviro Management Limited

Additional Information

The document was signed by Tripti Goyal, Company Secretary and Compliance Officer (Membership No.: ACS73180) of GEM Enviro Management Limited. The company's registered office is at Unit No. 203, Plaza-3, Central Square, Bara Hindu Rao, Delhi-110006, and corporate office at 3rd Floor, A-115, Noida-Greater Noida Expressway, Sector-136, Noida, Uttar Pradesh-201304.

#GEMEnviroManagement #ShareSubscription #SEBIDisclosure #RegulatoryCompliance #M&A