Interim report
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GANESHA ECOSPHERE LIMITED GESL/2026 -27 I To, The BSE Limited, Corporate Relationship Department, 1st Floor, New Trading Wing, Rotunda Building, PJ Towers, Dalal Street, Fort, Mumbai-400 001. Fax No.: 022-22723121, 22722037 Scrip Code: 514167 October 31, 2026 To, National Stock Exchange oflndia Limited Exchange Plaza, Bandra- Kurla Complex, Bandra (East), Mumbai-400051. Tel No.: 022-26598100 -8114/ 664 18100 Fax No.: 022-26598237 /38 Scrip Symbol: GANECOS Sub.: Outcome of Board Meeting Dear Sir/ Ma'am, In continuation of our letter dated October 24, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company has, at its meeting held today, approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are hereby forwarding the following documents for the quarter and half year ended September 30, 2026: (1) Unaudited Standalone and Consolidated Financial Results (Provisional); and (2) Limited Review Report on Unaudited Standalone and Consolidated Financial Results (Provisional). The meeting commenced at 1 :15 P.M. and concluded at~ ':~Q P.M. Kindly take the above on record and oblige. Thanking you, Yours faithfully, For Ganesha Ecosphere Limited (Bharat Kumar Sajnani) Company Secretary -cum-Compliance Officer Encl.: As above Regd. Office & Works : Raipur (Rania), Kalpi Road, Distt. Kanpur Dehat-209 304 •Cell : 9198708383 Admn. Office: 113/216-B, Swaroop Nagar, Kanpur-208 002, India• Tel.:+91-512-2555505-06 E-mail: gesl@ganeshaecosphere.com •Website: www.ganeshaecosp here.com • CIN: L51109UP1987PLC009090
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GANES HA ECOSPHERE LIMITED . CIN: L51109UP1987PLC009090 Regd. Office: Raipur (Rania), Kai pi Road, Distt . Kanpur Dehat (U.P.) - 209304 E-mai l: secretarial@ganeshaecosphere.com, Website: www.ganeshaecosphere.com Tel. No. 0512- 2555505--06 and +91 9198708383 Statement of Unaudited Standa lone Financial Results for the quarter and half year ended September 30, 2026 I I I (fin Lakh ) · Quarter ended Half Year ended Financial Year ended Particu lars September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Audited) I Revenue from operations 31,648.83 26,230 .11 25,935.20 57,878.94 48,082.36 1,01,410.25 II Other income 313.11 351.68 1,066.10 664.79 1,883.11 3,980.02 Ill Tota l income (1+11) 31,961.94 26,581.79 27,001.30 58,543.73 49,965.47 1,05,390.27 IV EXPENSES Cost of materials consumed 18,889.54 19,511.14 15,723.82 38,400.68 31,732.61 6q,979.69 Purchases of stock-in-trade 247.80 596.45 250.19 844.25 357.92 958.36 Changes in inventories of finished goods, stock-in -trade and work-in- 3,424.65 (2,579.08) 3,039.82 845.57 2,500.06 4,094 .54 progress Employee benefits expense 1,868.98 1,766.06 1,755.20 3,635.04 3,544.50 7,444.48 Finance costs 160.43 199.90 241.53 360.33 373.18 690.64 Depreciation and amortization expense 695.49 685.33 598.61 1,380.82 1,185.87 2,537.49 Power & fuel 2,190.97 2,109.71 2,202.90 4,300.68 4,126.15 8,396.67 Other expenses 2,576.33 2,446.75 2,145.87 5,023.08 4,073.92 8,841.73 Tota l expenses (IV) 30,054.19 24,736.26 25,957.94 54,790.45 47,894.21 98,943.60 V Profit before tax (Ill -IV) 1,907.75 1,845.53 1,043.36 3,753.28 2,071.26 6,446.67 VI Tax expense: (1) Current tax 535.73 507.73 268.54 1,043.46 527.70 1,790.32 (2) Deferred tax (77.87) (37.15) (7.01) (115.02) (4.56) (126.89) VII Profit for the period (V-VI) 1,449.89 1,374.95 781.83 2,824.84 1,548.12 4,783.24 VIII Other Comprehensive Income A (i) Items that will not be reclassified to profit or loss Re-measurement gain/ (loss) on defined benefit obligations 1.54 1.53 (2.00) 3.07 (4.00) 6.13 Re-measurement gain/ (loss) on financial instrument (Equity) 29.76 115.70 (104.65) 145.46 (130.36) (759.82) (ii) Income tax relating to above Items (4.83) (17.69) 16.15 (22.52) 20.50 112.05 B (i) Items that will be reclassified to profit or loss - - - - - - (ii) Income tax relating to above Items - - - - - - IX Total Comprehensive Income for the period (Vll+Vlll) 1,476.36 1,474.49 691.33 2,950.85 1,434.26 4,141.60 (Comprising Profit and Other Comprehens ive Income for the ~~•;nrll X Paid-up equ ity share capital (Face value of Rs 10/- each) 2,679.60 2,679.60 2,679.60 2,679.60 2,679.60 2,679.60
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XI Other Equ ity (exc lu ding Revaluation Reserves ) - - - - - 1,27,041.12 XII Earn in gs per equity share (not annua lized* ) (1) Basic (in~) 5.41 * 5.13* 2.94* 10.54* 5.95* 18.12 (2) Diluted (in ~) 5.41* 5.13* 2.94* 10.54* 5.91* 18.08 Notes: 1. The above unaudited standalone financial results have been prepared in accocdance with the Compan ies (Indian Accounting Standards) Rules, 2015, as amended, prescribed under Sect ion 133 of the Companies Act, 2013, read with the relevant rules issued there under. 2. The above unaudited standa lone financial results, after review by the Audit Co:-nmittee, have been approved and taken on record by the Board of Directors at its meet ing held on October 31, 2026 . 3. The Statutory Aud itors have carried out limited review of the above standalone fina ncial results for the quarter and half year ended September 30, 2026 as required under Regulat ion 33 of the SEB I (Listing Obligat ions & Disclosure Requirements) Regulations, 2015. 4. The Compan y is engaged in the manufacturing of the products of sam3 type/ class and as such there are no reportab le segments as per Ind-AS 108: 'Operat ing Segments', prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. 5. The Compan y has, at its Annual General Meeting held on September 17, 202.:, declared dividend of Rs. 3.50 per Equity Share having face value of Rs. 10/- each aggregating to Rs. 937.86 Lakh for the Financia l Year 2025-26. 6. During the quarter, the Company has made an investment of Rs. 30.87 la ~ h to .. ;ards subscr iption oi Equity Shares of Ganesha Recyc ling Chain Private Limited, an assoc iate of the Company . 7. Previous periods ' figures have been regrouped/ reclassified where considered -ecessary to conform to current period's classification/ disclosure. For Ganes ha Ecosphere Lim ited 'Z....--r.: C:::.l.J ~ ft I ' f/c ll\>-~<.. YJ ~ . "f'W, --:. ! v 17:; 1\ ... - ~ I ~ 1 W&!~ n u Dutt Khande lwa l) \\"9-/ ,., ~~ ... utive Vice Chairman Date: October 31, 2026 ": i~a l~~~ ( Who l e time Director ) Place: Kanp ur - DIN: 00383507
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Standalone Balance She.et (~in Lakh) Asat Asat Particulars September 30, 2026 March 31, 2026 Unaudited Audited ASSETS 1. Non-current assets Property, plant and equipment 22,843.15 23,713.76 Capital work-in-progress 615.45 Right-of-use assets (ROU) 114.49 115.30 Intangible assets 92.22 105.38 Financial assets: (i) Investment in subsidiaries 77,136.94 76,916.63 (ii) Investment in others 2,369.30 1,817.14 (iii) Loans 1,969.97 542.75 (iv) Others 710.45 687.64 Other non-current assets 254.07 15.55 Sub-tota l 1,06,106.04 1,03,914 .15 2. Current assets Inventories 17,420.88 16,843.37 Financial assets: (i) Investments 3,900.16 812.24 (ii) Trade receivables 15,481.51 13,277.45 (iii) Cash and cash equivalents 763.63 10,687.87 (iv) Bank balances other than (iii) above 1,187.95 147.26 (v) Loans 1,175.41 2,512.58 (vi) Others 90.90 75.53 Current tax assets (net) 104.69 Other current assets 8,798.97 6,516.18 3. Assets held for sale/disposal 0.58 23.97 Sub-total 48,819 .99 51,001 .14 Total assets 1,54,926.03 1,54,915.29 EQUITY AND LIABILITIES 1. Equity Equity share capital 2,679.60 2,679.60 Other equity 1,29,054 .11 1,27,041 .12 Sub-total 1,31,733.71 1,29,720 .72 2. LIABILITIES 2A. Non-current liabilities Financial liabilities: (i) Borrowings 92.97 89.54 Deferred tax liabilities (net) 1,395.06 1,487.56 Provisions 1,266.53 1,071.92 Government grants 433.80 410.31 Sub-total 3,188.36 3,059.33 28. Current liabilities Financial liabilities (i) Borrowings 10,494 .38 11,848 .99 (ii) Trade payables: a) Total outstanding due s of micro enterprises and small enterprises 72.49 b) Total outstanding dues of creditors other than micro enterprises and small enterprises 5,427.25 6,038.17 (iii) Other financial liabilities 3,184.86 2,916.56 Other current liabilities 563.88 640.08 Government grants 56.15 54.31 Provisions 259.37 564.64 Current tax liabilities (net) 18.07 - Sub-total 20,003.96 22,135.24 Total equity and liabilities 1,54,926.03 1,54,915.29 ·- ~~S~r~~ha Ecosphere Limited ~ :CJ ~ ~- -0 \.;... .. ( il (Vis lf!l! ~utt Khandelwal) ' ,~ Ex ~ ~ Vice Chairman Date: October 31, 2026 ~ . ·e time Director) Place: Kanpur !:!.f?.-·a',.. IN: 00383507 --
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GANESHA ECOSPHERE LIMITED UNAUDITED STANDALONE CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 (~in Lakh) Particulars Half year ended Half year ended September 30, 2026 September 30, 2025 A. Cash flow from operating activities : Profit before tax as per statement of profit and loss 3,753.28 2,071.26 Adjustments for: Depreciation and amortization expenses 1,380.82 1,185 .87 Profit on sale/ discard of property, plant and eouipment (net) (18.62) (6.23) Allowance for expected credit loss on trade and other receivables (net) 283.69 - Loss on foreign currency fluctuations and translations (net) 0.58 8.28 Interest expense 332 .17 350.41 Interest income (302.34) (1,558.16) Loss on sale of investments 1.17 5.93 Fair value gain on financial assets (0.20) - Fair value gain on preference shares (220.31) (208 .87) Dividend on preference shares (32.59) (32.59) Amortization ot Government grants (27.19) (27.30) Operating profit before working capital changes 5,150.46 1,788.60 Movements in working capital: Increase in trade receivables {2,467.49) (2,351.09) (Increase)/ decrease in other receivables and prepayments {2,287.89) 302.38 (Increase)/ decrease in inventories (577.51) 3,036.23 Decrease in trade payables (683.32) (469.53) Increase in othe r payables 299.33 594.96 (Decrease)/ increase in provisions (107.58) 17.90 Cash (used in)/ generated from opera tions (674 .00 ) 2,919.45 Direct taxes paid (net of refunds) (920.69) (751.00) Net cash flow (used in)/ generated from operating activities (A) (1,594.6 9) 2,168.4 5 B. Cash flow from investing activities Purchase of property, plant and equipment (1,426.46) (1,177.12) Purchase of intangible assets - (55.31) Proceeds from sale of property, plant and equipment 45.96 31.12 Investment in others (7,686.67) (490.QQ) r r.,1 ....... 11 ~ r111111 '>rllf-' 11r 1 111 1H >ttt1w11t ~ 4,1~1.U/ 676.00 Loans given to subsidiaries (net) (1,500 .00) (14,068 .35) Loans given to other related parties (88.05) (211.37) Loans repaid by/ (given to) body corporates 1,434.49 (620.59) Loan repaid by associate company 50.00 - Fixed deposits made (4,925.32) (4,704.86) Fixed deposits matured 3,919.61 - Interest received 292.63 1,598.78 Net cash flow used in investing activities (B) (5,692.74) (19,0 27.70) c. Cash flow from financing activities Proceeds from issue of share capital (including share premium thereon) - 10,393.27 Repayment of curre nt borrowings (net) (other than related parties) (1,354.61) (498.80) Repayment of borrowings to related parties (net) - (442.80) Dividend paid to equity shareholders (937.86) - Interest paid (344.34) (323 .51) Net cash flow (used in)/ generated from financing activities (C) (2,636.81 ) 9,128.16 Net decrease in cash and cash equivalents (A+B+C) (9,924.24) (7,731.0 9) Cash and cash equivalents at the beginning of the period 10,687.87 10,866.76 Cash and cash equivalents at the end of the period 763 .63 3,135.67 Note: The above cash flow statement has been prepared under the indirect method as set out in Ind AS 7, 'Statement of Cash Flows'. ~• Eo~pho~ Um;tod ~ '\'.} -L-P . (.'.) ~ (Vi ~~; Dun Knandelwalj .. -- 1-~~fi ve Vice Chairman Date: October 31, 2026 ~- R • hole time Director) Place : Kanpur DIN: 00383507
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NARENDRA SINCHANIA & COMPANY Chartered Accountants Please Contact at: I I! +91 11 43156000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors of Ganesha Ecosphe1·e Limited We have reviewed the accompanying statement of unaudited standalone financial results of Ganesha Ecosphere Limited ("the Company") for the quarter ended September 30, 2026 and year to date results for the period from April I, 2026 to September 30, 2026 (the "State ment") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including relevant circulars issued by the SEBI from time to time ("the Listing Regu lations"). This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ("Ind AS 34") "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, as amended , read with relevant rules issued thereunder, and as per the presentation requirements of the SEBI Circular No. CIRJCFD/FAC/62/2016 dated July 5, 2016, and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Infonn ation Perfom1ed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perfonn the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of inte1im financia l information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Based on our review conducte d as above, nothing has come to ow- attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement p1inciples laid down in the aforesaid Indian Account ing Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India , has not disclo sed the infonnation required to be disclosed in tenns of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any mate1ial misstatement. For Narendra Singhania & Co. Charte red Accountants Finn Registration No. 009 ~·"<""~~-- 4) Place: New Delhi Date: October 31, 2026 UDIN: 2608793 1 BSNYNV9822 E 21, 1st Floor and 2nd Floor, Hauz Khas , New Delhi - 110016
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' - GAMESHA ECOSPHERE LIMITED Cll'I: L51103UP1987PLC009090 Regd. Office: Raipur (Rari a), Kal p:i Road, Distt. Kanpur Dehat (U.P.) - 209304 E-mail: secretarial@ ganesha ecosphe te.com, Website: www.gane shaecosphere .com Tel. No. 05'12-2555505-06 and +91 9198708383 Statemen t of Unaudit ed Consolid ated Fina11cial Results for the quarter and half year ended September 30, 2026 I I I (" in Lakh) Quarter ended Half Year ended Financial Year Particular s ended Septe mber 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 (Unaudited) (Unaudited) (Audited) I Revenue from operations 51,293.07 42,366.67 36,338.16 93,662.74 70,050.58 1,48, 166.29 II Other income 31 ).4 5 361.98 528.45 672.43 866.26 1,742.12 Ill Total income (1+11) 51,603.52 42,728.65 36,866.61 94,335.17 70,916.84 1,49,908.41 IV EXPENSES Cost of materials consumed 29,462.18 29,757.38 23,894.50 59,219.56 46,497.29 92,427.93 Purchases of stock-in-trade 24 1.00 594.50 115.81 835.50 182.88 409.17 Changes in inventories of finished goods, stock-in -trade and work-in- 5,356.21 (3,556.35) 1,075.05 1,799.86 194.97 4,684.56 progress Employee benefits expense 2,6.30.95 2,447.70 2,360.19 5,128.65 4,716.41 9,976.03 Finance costs 905.39 887.26 1,129.34 1,792.65 2, 113.47 4,032.47 Depreciation and amortization expense 1,838.83 1,734.25 1,573.93 3,573.08 3, 124.33 6,481.24 Power & fuel 3,620.68 3,444.01 3,353.90 7,064.69 6,347.36 12,81 7.02 Other expenses 3,870.41 3,701.88 3,306.92 7,572.29 6,248.43 13,680.52 Total expenses (IV) 47,975.65 39,010.63 36,809.64 86,986.28 69,425.14 1,44,508.94 V Profit before share of pro fiU (loss) of an associate and tax (lll -IV 1 1 3,63(!1.87 3,718.02 56.97 7,348.89 1,491.70 5,399.47 VI Share of profiU (loss) of an associate and tax (1 6.95) (8.55) 2.45 (25.50) (0.44) (4.49) VII Profit before tax (V+VI) 3,61 3.92 3,709.47 59.42 7,323.39 1,491.26 5,394.98 VIII Tax expense: (1) Current tax 53E·.73 507.73 268.59 1,043.46 527.75 1,789.90 (2) Deferred tax 27C.62 298.26 (159.18) 568.88 (61 .86) (216.27) IX ProfiU (loss) for the period (VII-VIII) 2,807.57 2,903.48 (49.99) 5,711.05 1,025.37 3,821.35 X Other Comprehensive Income A (i) Items that will not be reclassified to profit or loss Re-measurement gain/ (loss) on defined benefit obligations 1.54 1.53 (0.73) 3. 07 (1.47) 28.65 Re-measurement gain/ (loss) on financial instrument (Equity) 2S.76 115.70 (104.65) 145.46 (1 30.36) (759.82) (ii) Income tax relating to above Items (4..83) (1 7.69) 15.94 (22.52) 20.07 108.19 B (i) Items that will be reclas sified to profit or loss - - - - - - (ii) Income tax relating to above Items - - - - - -
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XI' Total Comprehensive Income/ (loss) for the period (IX+ X) (Compri sing Profit and Other Comprehensive tncome for the period) 2,834.04 • 3,003.02 (139.43) 5,837.06 913.61 3,198.37 XII Paid-up equity share capital (Face value of Rs 10/- each) 2,679.60 2,679.60 2,679.60 2,679.60 2,679.60 2,679.60 XIII Other Equity (excluding Revaluation Reserves) - - - - - 1,24,887 .50 XIV Earnings per equity share (not annualized*) (1) Basic (in z) 10.50*" 10.86*" (0.28)*" 21.36*" 3.95*" 14.50" (2) Diluted (in z) 10.50*" 10.86*" (0.24)*" 21.36*" 3.92*" 14.48" Notes: 1. The above unaudited consolidated financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder. 2. The above unaudited consolidated financial results, after review by the Audit Committee , have been approved and taken on record by the Board of Directors at its meeting held on October 31, 2026. 3. The Statutory Auditors have carried out limited review of the above consolidated financial results for the quarter and half year ended September 30, 2026 as required under Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. 4. The Group is engaged in the manufacturing of the products of same type/ class and as such there are no reportable segments as per Ind-AS 108: 'Operat ing Segments', prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. 5. The Parent Company, at its Annual General Meeting held on September 17, 2026, declared dividend of Rs. 3.50 per Equity Share having face value of Rs. 10/- each aggregating to Rs. 937.86 Lakh for the Financial Year 2025-26. 6.A fire incident occurred in PSF Plant area of Warangal unit of Ganesha Ecopet Private Limited, Company's wholly owned subsidiary, on August 13, 2026 which resulted into damage to it's PSF plant machinery, building and stocks. Operations of PSF Plant were also halted. The quantum of loss, caused by fire, is under assessment and therefore not provided for in the books. However, the losses caused by fire incident are covered under the insurance policy. 7. Previous periods' figures have been regrouped/ reclassified where considered necessarv to conform to current period's classification/ disclosure. " Pursuant to the Ganesha Ecosphere Employees' Stock Option Scheme , 2021, Ganesha Employees' Welfare Trust is holding 63,043 Equity Shares (March 31, 2026: 55,390 Equity Shares) of the Parent Company, which have been reduced while computing basic and diluted earnings per share. _ For Ganesha Ecosphere Limited ~~'i:.SH,q _J J._.f V."~~ J'!_ ~ • ~ !~( (/) ... , I . ~ \ ~Jshnu Dutt Khandelwal) ~~~ . "?'"°l>l. xecutive Vice Chairman Date: October 31, 2026 ,...._ 0 l i ,%""/ (Whole time Director) Place: Kanpur DIN: 00383507
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Consolidated Balance Sheet ("in Lakh) Asat Asat Particulars September 30, 2026 March 31, 2026 Unaudited Audited ASSETS 1. Non-current assets Property , plant and equipment 1,04,723.42 91,286.98 Capital work-in-progress 7,122.60 19,257.97 Investment Property 947.36 947.36 Right-of-use assets (ROU) 114.49 115.30 Goodwill 13.46 13.46 Intangi ble assets 96.88 107.87 Financial assets: (i) Investments 2,334.81 1,808.15 (ii) Loans 20.27 31.10 (iii) Others 1,092.67 1,075.57 Other non-current assets 7,385.46 3,585.92 Sub-total 1,23,851.42 1,18,229.68 2. Current assets Inventories 29,057.75 29,760.56 Financial assets: • (i) Investments 3,900.16 812.24 (ii) Trade receivables 22,296.75 19,775.35 (iii) Cash and cash equivalents 2,235.28 11,971.81 (iv) Bank balances other than (iii) above 1,903.72 156.25 (v) Loans 1,025.41 2,512.58 (vi) Others 117.00 714.40 Current tax assets (net) 122.29 191.24 Other current assets 20,940.62 16,189.89 3. Assets held for sale/disposal 0.58 23.97 Sub-total 81,599.56 82,108.29 Total assets 2,05.450.98 2,00,337 .97 FfllllTY AND LIABILITIES l. Equity Equity share capital 2,679.60 2,679.60 Other equity 1,29,696.19 1,24,887.50 Sub-total 1,32,375.79 1,27,567.10 2. LIABILITIES 2A. Non-current liabilities Financial liabilities: (i) Borrow ings 31,631.96 33,890.56 , Deferred tax liabilit ies (net) 2,397.88 1,806.48 Governme nt grants 4,494.49 4,580.13 Provisions 1,444.31 1,137.62 Sub-total 39,968.64 41,414.79 2B. Current liabilities Financial liabilities: (i) Borrowings 17,348.93 15,670.73 (ii) Trade payables a) Total outstanding dues of micro enterprises and small enterprises - 130.04 b) Total outstanding dues of creditors other than micro enterprises 8,980.79 8,601.45 and small enterprises (iii) Other financial liabilities 5,499.99 5,216.84 Government grants 306.10 336.74 Other current liabilities 711.37 809.36 Provisions 259.37 590.92 Sub-total 33,106.55 31,356.08 Total equity and liabilities 2,05,450.98 2,00,337.97 ~h· ~ HAf2c n, ~ --f ~ (Vi -o utt Khandelwal) ,.. ' ~ oVkoCh•;'m'" Date: October 31, 2026 .{© · 61e time Director) Place: Kanpur ~Fri" ·a~ DIN: 00383507
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GANESHA ECOSPHERE LIMITED Consolidat ed cash flow statem ent for the half year ended September 30, 2026 (0:: in Lakh) Particulars Half year end ed Half year ended September 30, 2026 September 30, 2025 A. Cash flow from operating activities: Profit before tax as per statement of profit and loss 7,323.39 1,491.26 Adjustments for: Share of loss of an associate 25.50 0.44 Depreciation and amortization expenses 3,573.08 3,124.33 Profit on sale/ discard of property, plant and equipment (net) (23.72) (4.00) Allowance for expected credit loss on trade and other receivables (net) 283.69 - (Gain)/ loss on foreign currency fluctuations and translations (net) (2.15) 9.63 Interest expense 1,758.08 2,089.38 Interest income (408.25) (608.98) Lease rental charges from investment property (10.00) (10.00) Loss on sale of investments 1.17 5.93 Fair value gain on financial assets (0.20) - Amortization of Government grants (168.78) (168.89) Operating profit before working capital changes 12,351.81 5,929.10 Movements in working capital: Increase in trade receivables (2,782.87) (779.86) Increase in other receivables and prepayments (4,251.24) (2,796.82) Decrease/ (increase) in inventories 702.80 (18.87) Increase/ (decrease) in trade payables 250.15 (946.64) Increase in other payables 351.72 665.44 (Decrease)/ increase in provisions (21.78) 17.67 Cash generated from operati ons 6,600. 59 2,070.02 Direct taxes paid (net of refunds) (909.69) (798.76) Net cash flow generat ed from operating activities (A) 5,690.90 1,271.26 B. Cash flow from investing activities Purchase of property , plant and equipment (8,949.56) (10,981.23) Purchase of intangible assets (3.00) (55.31) Proceeds from sale of property, plant and equipment 200.50 48.06 Investment in others (7,686.67) (490.00) Proceeds from sale of investments 4,191.07 513.20 Loans repaid by/ (given to) body corporates 1,434.49 (620.59) Loan repaid by associate company 50.00 - Fixed deposits made (8,041.09) (6,630.22) Fixed deposits matured 6,328.60 1,610.46 Interest received 419.33 814.50 Lease rental charges from investment property 10.00 10.00 Net cash flow used in investing activities (BJ (12,046.33) (15,781.13) c. Cash flow from financing activities Proceeds from issue of share capital (including share premium) - 10,393.27 Purchase of trea sury shares (103.36) - Recovery of loans (granted under ESOP scheme) 10.86 - Repayment of non-current borrowings (other than related parties) (1,667.99) (1,271.73) Proceeds from current borrowings (net) (other than related parties) 1,075.25 617.79 Repayment of borrowings to related parties (net) - (442.80) Dividend paid to equity shareholders (935.87) - Interest pa id (1,759 .99) (2,215.68) Net cash flow (used in)/ generat ed from financing activities (CJ (3,381.10) 7,080.85 Net decrease in cash and cash equiv alent s (A+B+C) (9,736.53) (7,429.02) Cash and cash equivalents at the beginning of the period 11,971.81 11,608.31 Cash and cash equival ents at the end of the period 2,235.28 4,179.29 Note: The above cash flow statement has been prepared under the indirect method as set out in Ind AS 7, 'Statement of Cash Flows'. - \;. ~'M-4'~ ~ha Ecosphere Limit ed ti t kJ * (fl ~ (Vis ITTJ utt Khande fwal) / ~ Ex ,.m ,e Vice Chairman Date: October 31, 2026 u~ (e time Director) Place: Kanpur -~ ·01\ IN: 00383507
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NARENDRA SINCHANIA &COMPANY Chartered Accountants Please Contact at: L! +91 11 43156000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors of Ganesha Ecosphere Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Ganesha Ecosphcre Limited (' the Parent') and its subsidiaries (the Parent and its subsidiaries together refe1Ted to as 'the Group ') and its share of the net loss after tax and other comprehensive income of its associate for the quarter ended September 30, 2026 and year to date results for the period from April I, 2026 to September 30, 2026 ("the Statemen t") attached herewith, being subm itted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement s) Regulations, 2015, as amended, including relevant circulares issued by the SEBI from time to time ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Pare nt's Board of Directors, has been prepared in accordance with the recognition and measurement p1inciples laid down in Indian Accounting Standard 34 ("Ind AS 34") "Interim Financial Reporting ", presciibed under Section 133 of the Companies Act, 2013, as amended, read with relevant rnles issued thereunder, and as per the presentation requirements of the SEBI Circular No. CIR/CFD /F AC/62/2016 dated July 5, 20 16, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accorda nce with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Infonnation Perfonned by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perfonn the review to obtain moderate assurance as to whether the Statement is free of materia l misstatement. A review of interim financial infonnation consists of making inquiries, primarily of persons respon sible for financial and accounting matters, and applying analytica l and other review procedures. A review is substant ially less in scope than an audit conduc ted in accordance with Standards on Auditing, and conseq uently, does not enable us to obtain assurance that we would become aware of all significant matters that might be ident ified in an audit. According ly, we do not express an audit opi nion. We also perfon ned procedures in accordance with the SEBI Circular No. CIR/CFD /CMD l/44/2019 dated March 29, 2019 issued by the SEBI under Regu lation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement include s the results of the following entities: S.No. Company Name Nature 1. Ganesha Ecosphere Limited Parent Company 2. Ganesha Ecopet Private Limited Wholly owned subsidiary of Ganesha Ecosphere Limited 3. Ganes ha Ecotech Private Limited Wholly owned subsidiary of Ganesha Ecosp here Limited 4. Ganes ha Overseas Private Limited , Wholly owned subsidiary of Ganesha Ecosphere Limi Nepal ~Q 5. Ganesha Employees' Welfare Trus t Entity controlled by the Parent 6. Ganesha Recycling Chain Private Associate of Ganesha Ecosphere Limited Limited E 21, lst Floor and 2nd Floor, Hauz Khas, New Delhi - 110016 I
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5. Based on our review conducted and procedures perfom1ed as stated in paragraph 3 above and upon consideration of the review reports of other auditors and management reviewed financial results refe1Ted to in paragr aph 7, 8, 9 and 10 below, nothin g has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recogni tion and measureme nt principles laid down in the aforesa id Indian Accounting Standard s 34 ('Ind AS 34') specified under Section 133 of the Companies Act 20 13, as amended, read with relevant rules issued thereunder and other accounting p1inciples genera lly accepted in India, has not disclosed the infonnation required to be disclosed in terms of the Listing Regul ations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Emphasis of Matter 6. We draw attention to Note 6 of the Statement, which states that a fire accid ent occu1Ted in PSF Plant area of Warangal unit on 13th Augu st, 2026 which resulted into damage to the PSF plant machinery , building and stocks. Operations of PSF Plant were also halted. The quantum of loss, caused by fire, is under assessment and therefore not provided for in the books. However , the losses caused by fire incident are covere d under the insuran ce policy. Our conc lusion on the Statement is not modified in respect of this matter. Other Matter 7. We did not review the interim financial results of two subsidia1ies included in the Statement, whose interim financial results (before eliminating inter-company transactions) reflect total assets of Rs. 1,28, 129. 16 lakhs as at September 30, 2026 and total revenues of Rs. 32,297.42 lakhs and Rs. 57,391.36 lakhs, total net profit after tax of Rs. 1,339.l llakhs and Rs. 2,843.14 lakhs, total comprehensive income of Rs. 1,339.l I Jakhs and Rs. 2,843 .14 lakhs, for the quarter ended September 30, 2026 and for the pe1iod from April I, 2026 to September 30, 2026, respectively , and cash outflows (net) of Rs. 115.68 lakhs for the pe1iod from April 1, 2026 to September 30, 2026, as considered in the Statement. These interim financial results have been review ed by other auditors whose review reports have been furnished to us by the Manag ement, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidia1ies is based solely on the review repo rts of such other auditors and the procedures perfonned by us as stated in paragraph 3 above. 8. We also did not review the interim financial results of a subsidiary included in the Statement which is loca ted outside India, whose interim financial results (before eliminating inter-company transaction) reflect total assets of Rs. 4,655.96 Jakhs as at September 30, 2026 and total revenue s of Rs. 1,074.21 lakhs and Rs. 1,671.45 lakhs, total net loss after tax of Rs. 24.76 lakhs and Rs. 5 1.57 lakhs, total comprehensive Joss of Rs 24. 76 lakhs and Rs. 51.57 lakhs, for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026 , respectively, and cash inflows (net) of Rs. 285.15 lakhs for the period from April 1, 2026 to September 30, 2026, as considered in the statement. Afore said interim financial results have been reviewed by other auditor whose review report has been furnished to us by the Management, and our conc lusion in so far as it relate s to the amounts and disclosures included in respect of aforesaid subsidiary is based solely on the review report s of such other auditor and the procedures perfonned by us as stated in paragr aph 3 above . 9. We also did not review the financia l statements of a Trust controlled by the Parent included in the Statement, whose financial statem ents reflec t total assets of Rs. 605.17 lakhs as at September 30, 2026 and total revenue of Rs. Nil and Rs. Nil, total net profit after tax of Rs. 1.98 lakhs and Rs. 1.98 lakhs, total comprehensive income of Rs. 1.98 Jakhs and Rs. 1.98 lakhs, for the quarter ended September 30, 2026 and ~~~ for the period from Ap1il 1, 2026 to September 30, 2026, respectively, and cash inflows (net) of Rs. 1 SING.«t..,~ lakhs for the period from April 1, 2026 to September 30, 2026, as considered in the Statemen t. Q e "'-1\ interim financial results have not been reviewed by the auditor of the aforesaid trust and are certifie th ~ ; NW ELHI .o Cl * ~.,, ~ ~qr!ld Acco~'~
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management of the Parent. According to the infonnation and explanations given to us by the management of the Parent , these interim financial results are not material to the Group. 10. We also did not review the financial statement of an associate whose share ofloss of Rs. 16.95 lakh and Rs. 25.50 for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively and total comprehensive loss of Rs. 16.95 lakh and Rs. 25.50 for the quarter ended September 30, 2026 and for the period from Ap1il I, 2026 to September 30, 2026, respectively, as considered in the Statement. These inte1im financial results have not been reviewed by the auditor of the aforesaid associate and are certified by the management of the Parent. According to the info1mation and explanat ions given to us by the management of the Parent, these interim financ ial results are not material to the Group. Our conc lusion on the Statement is not modified in respect of the matters stated in paragraph 7, 8, 9 and 10 above with respect to our reliance on the work done and the rep01is of the other auditors and the management reviewed financial results of the Trust and Associate . For Narendra Singhania & Co. Chartered Accoun tants Finn Reg istration No. 009 t&t;f'f =;:::::.,,__ ~~ Narendra Singhania Place: New Delhi Date: October 31, 2026 UDIN: 2608793 IVYLBOT3672