GEM Enviro To Acquire 75% Stake In Novuscom Neo; Shares Rise 0.73%

Mumbai, September 16: GEM Enviro Management Limited has entered into a Share Subscription Agreement with Novuscom Neo Private Limited to acquire a 75% stake in the company for ₹30 lakh.

The transaction was disclosed to the stock exchanges on September 16, 2026. Once the investment is completed, Novuscom Neo will become a subsidiary of GEM Enviro Management.

GEM Enviro To Invest ₹30 Lakh In Novuscom Neo

According to the regulatory filing, GEM Enviro will subscribe to 30,000 equity shares and 27,000 Compulsorily Convertible Preference Shares (CCPS) of Novuscom Neo.

Both securities carry a face value and issue price of ₹10 each. The total subscription consideration will be ₹30 lakh, giving GEM Enviro a 75% holding in Novuscom Neo.

The company stated that the transaction is not a related-party transaction. It also clarified that the promoters or promoter group do not have any interest in Novuscom Neo.

Stock Market Snapshot

The GEM Enviro Management share price stood at ₹34.50 as of 2:07 PM IST on September 16, 2026, according to the market chart.

Based on the reference level of around ₹34.25 shown on the chart, the stock was trading approximately 0.73% higher. The share price moved below ₹35 during the session before recovering towards ₹34.50.

The movement reflects the stock’s trading position at the reported time and should not be treated as a confirmed direct reaction to the company’s filing.

Investment Includes Equity Shares And CCPS

The proposed investment will be made through a combination of equity shares and convertible preference shares.

Novuscom Neo will issue 30,000 equity shares and 27,000 CCPS to GEM Enviro at ₹10 per security. The agreement provides GEM Enviro with certain rights linked to the management and future capital structure of Novuscom Neo.

These rights include the ability to nominate up to three directors to the board of Novuscom Neo. GEM Enviro will also have pre-emptive rights in future equity issuances, along with a right of first offer and specified tag-along rights.

Novuscom Neo To Become A Subsidiary

Following completion of the subscription, Novuscom Neo will become a subsidiary of GEM Enviro Management.

The filing does not disclose detailed information about Novuscom Neo’s revenue, profitability, assets or existing business operations. It also does not mention any separate acquisition premium, debt assumption or additional financial commitment beyond the ₹30 lakh subscription amount.

The remaining terms and conditions of the transaction are covered under the Share Subscription Agreement executed between the two companies.

GEM Enviro’s Business Focus

GEM Enviro Management operates in the environmental management and sustainability sector, including waste management, recycling and related solutions.

The proposed investment will expand the company’s subsidiary structure and could add a new business interest to its operations. However, the regulatory disclosure does not provide details about the expected revenue contribution or financial impact of Novuscom Neo.

Further information may be available once the transaction is completed and Novuscom Neo begins operating as a subsidiary.

Conclusion

GEM Enviro Management has signed a Share Subscription Agreement to acquire a 75% stake in Novuscom Neo Private Limited for ₹30 lakh.

The investment will involve the subscription of 30,000 equity shares and 27,000 CCPS. GEM Enviro will also receive board nomination rights and other shareholder protections under the agreement.

Meanwhile, the GEM Enviro Management share price was quoted at ₹34.50 as of 2:07 PM IST on September 16, 2026. Based on the chart’s reference level, the stock was trading approximately 0.73% higher.

Source:

• https://www.bseindia.com/stock-share-price/gem-enviro-management-ltd/gemenviro/544199
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/c1e24c88-a198-41c1-81db-3bd3696d431c.pdf