BSECompany Update16 Sept 2026 · 16 Sept 2026, 01:11 pm
We wish to inform you that the Company has entered into the Share Subscription Agreement on September 16, 2026 with Novucom Neo Private Limited
GEM Enviro Management Ltd · 544199
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GEM Enviro Management Ltd has entered into a Share Subscription Agreement with Novuscom Neo Private Limited to acquire 75% stake in Novuscom for Rs. 30,00,000.
Analysis Scores
Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
GEM Enviro Management Ltd - 544199 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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Date: September 16, 2026
The Manager
Listing Department
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai-400001
Scrip Code: 544199
Scrip ID: GEMENVIRO
Subject: Share Subscription Agreement between the Company and Novuscom Neo Private Limited
Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 dated August 25, 2026
Dear Sir/Ma’am,
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended from time to time (“SEBI Listing Regulations”) and in
continuation to our earlier corporate announcement dated August 25, 2026, We wish to inform you
that the Company has entered into the Share Subscription Agreement on September 16, 2026 with
Novuscom Neo Private Limited having CIN: U70200DL2025PTC457508 (“Novuscom”) to acquire 30,000
(Thirty Thousand) Equity Shares and 2,70,000 (Two Lakhs Seventy Thousand) 0.001% Compulsorily
Convertible Preference Shares (CCPS), representing 75% of share capital of the Novuscom.
The details as required under Regulation 30 read with Schedule III Part A Para A of the SEBI Listing
Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January
30, 2026 are enclosed and marked as Annexure A.
Kindly take the same on your record and bring it to the notice of all the concerned.
For GEM Enviro Management Limited
---------------
Tripti Goyal
Company Secretary and Compliance Officer
Membership No.: ACS73180
Encl: as above
Annexure A
The details as required under Regulation 30 read with Schedule III Part A Para A of the SEBI Listing
Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
January 30, 2026:
S. No. Particulars Details
1. Name(s) of parties with whom the Novuscom Neo Private Limited (“Novuscom”)
agreement is entered
2. Purpose of entering into the agreement Share Subscription Agreement is entered for the
acquisition of 75% stake in the Novuscom.
The Company agrees to acquire 30,000 Equity
shares of Face Value of Rs. 10/- each at an issue
price of Rs. 10/- and 2,70,000 0.001% CCPS of
Face Value of Rs. 10/- each at an issue price of Rs.
10/- in consideration of Rs. 30,00,000/- (Rupees
Thirty Lakhs only).
3. Shareholding, if any, in the entity with Nil
whom the agreement is executed
4. Significant terms of the agreement (in The Company is entitled to nominate up to three
brief) special rights like right to appoint Directors on the Board of Novuscom, pre-emptive
directors, first right to share subscription rights on further issue of Equity Securities, right
in case of issuance of shares, right to of first offer on transfer of shares by the
restrict any change in capital structure Promoters of Novuscom and specified tag-along
etc. rights.
All other terms and conditions are set forth in the
Share Subscription Agreement executed between
the Company and Novuscom.
5. Whether, the said parties are related to No
promoter/ promoter group/ group
companies in any manner. If yes, nature
of relationship
6. Whether the transaction would fall It is not a Related Party Transaction.
within related party transactions? If yes,
whether the same is done at “arm’s Subsequent to this investment, Novuscom will
length” become subsidiary of the Company.
7. In case of issuance of shares to the Novuscom will issue and allot 30,000 Equity
parties, details of issue price, class of shares of Face Value of Rs. 10/- each at an issue
shares issued price of Rs. 10/- and 2,70,000 0.001% CCPS of
Face Value of Rs. 10/- each at an issue price of Rs.
10/- to the Company.
8. Any other disclosures related to such Nil
agreements, viz., details of nominee on
the board of directors of the listed
entity, potential conflict of interest
arising out of such agreements, etc.
9. In case of termination or amendment of Not Applicable
agreement, listed entity shall disclose
additional details to the stock
exchange(s)
i. name of parties to the agreement;
ii. nature of the agreement;
iii. date of execution of the agreement;
iv. details of amendment and impact
thereof or reasons of termination
and impact thereof.