GEM Enviro Management Limited announced today the Board of Directors’ approval to acquire a 75% stake in Novuscom Neo Private Limited, a company focused on analysis-led research for sustainability, financials, and governance. This strategic move will make Novuscom Neo a subsidiary of GEM Enviro. The acquisition, with a consideration of ₹30,00,000, is expected to be completed by October 31, 2026, and aligns with GEM’s core business in environmental sustainability.
Strategic Acquisition to Enhance Sustainability Focus
GEM Enviro Management Limited has announced a significant strategic step towards strengthening its environmental sustainability offerings. The company’s Board of Directors, in a meeting held on August 25, 2026, approved the acquisition of a substantial 75% stake in Novuscom Neo Private Limited. This acquisition is poised to transform Novuscom Neo into a subsidiary of GEM Enviro Management.
Novuscom Neo: A New Subsidiary in Sustainability Research
Novuscom Neo Private Limited, incorporated on November 03, 2025, operates in the niche area of analysis-led research. Its core business involves helping brands and companies assess their efforts related to sustainability, financials, and governance. The acquisition aligns directly with GEM Enviro’s core business of environmental sustainability, aiming to leverage Novuscom Neo’s expertise to enhance its service portfolio.
Investment Details and Timeline
The investment involves a cash consideration of ₹30,00,000, distributed across 30,000 Equity Shares of ₹10 each and 2,70,000 Compulsorily Convertible Preference Shares of ₹10 each. The acquisition is not a related party transaction and is expected to be finalized on or before October 31, 2026. GEM Enviro Management has confirmed that no governmental or regulatory approvals are required for this investment.
Other Board Decisions
In addition to the acquisition, the Board also approved the re-appointment of M/s HKS & Associates LLP as Secretarial Auditors and M/s Rastogi Sunil & Associates as Internal Auditors for the financial year 2026-27. Amendments to the Memorandum of Association were approved, subject to shareholder consent, to facilitate diversification and provide greater flexibility for existing and prospective business activities. The company also announced the shifting of its registered office and the convening of its 13th Annual General Meeting on September 28, 2026.
Source: BSE
