Ganesha Ecosphere Ltd

The transcript in the provided pages does not mention any current or future fundraising plans through debt or equity. Key points related to financial plans are: - INR 130 crores has been spent on the brownfield expansion (22,500 tons capacity), expected operational by end of March 2026. - A greenfield expansion project is planned with an expected capex of about INR 500 crores, operational by end of the next financial year. - Most payments for brownfield machinery have been made already. - No explicit mention of new debt or equity fundraising to finance these expansions. - Focus is on capital expenditure and operational updates rather than fundraising activities. Therefore, there is no indication of any new fundraising through debt or equity from the current discussion.

- Brownfield expansion of 22,500 tons per annum at Warangal: - Capex: Approximately INR 130 crore - Expected to be operational by end of March 2026 (delayed from January due to machine transit damage) - Revenue potential: INR 225-250 crore annually at full utilization - Greenfield expansion: - Currently delayed due to market scenario related to rPET usage - Expected operational timeline: End of next financial year - Expected Capex: Around INR 500 crore - Most payments for the brownfield expansion machinery have been made, with INR 115 crore capital work in progress related to this expansion. Overall, capacity additions are ongoing to meet rising demand, with the brownfield expansion nearing completion and greenfield project targeted for later.

- Sales and deliveries in B2B segment expected to remain below expectations in Q3 FY26 due to pending MOEF notification and seasonal slowdown. - Recovery in demand and deliveries anticipated from January 2026 as regulatory uncertainties ease. - Customer commitments for recycled PET deliveries starting January 2026 received, enabling capacity utilization optimization from Q4 FY26 onwards. - Brownfield expansion of 22,500 tons annual rPET capacity at Warangal expected operational by March 2026, adding revenue potential of INR 225-250 crores annually. - Greenfield expansion delayed, expected operational by end of next financial year with INR 500 crores capex. - Legacy business showing signs of revival with strong order flows; EBITDA margins expected to improve to 7-9% in December and March quarters. - Overall, confident of stronger performance from March quarter FY26 onwards, with clear regulatory support and improving demand.

- The company expects demand and deliveries in the B2B segment to recover starting January 2026 after current-year uncertainties related to MOEF notifications. - Legacy business margins are projected to improve to 7–9% EBITDA range in December and March quarters. - Capacity expansions (brownfield and greenfield) are expected to enhance revenues, with brownfield expansion operational by end-March 2026 adding 22,500 tons and greenfield delayed to next financial year. - Inventory losses and regulatory delays affected H1 FY26 results, but management is confident the worst is over. - Customer commitments for recycled PET deliveries from January 2026 onwards will help optimize capacity utilization. - Top-line and margin guidance to be updated after Q3 FY26 results. - With improving demand, regulatory support and operational discipline, earnings are expected to strengthen particularly from March quarter onwards.

- The B2B segment faced deferred deliveries and uncertainty due to the delayed MOEF notification, impacting order flow. - However, customer commitments for recycled PET deliveries have started coming in from January 2026 onwards. - Legacy business shows strong order flows and rising demand for both rPSF and Yarn segments. - Overall, while Q2 and H1 saw weaker performance, management anticipates orderbook revival starting Q4 FY26 and into FY27. - The regulatory mandate increase and FY26 shortfall are expected to drive higher compliance-driven demand. - Brownfield expansion will add 22,500 MT capacity by end-March 2026, supporting capacity utilization and order fulfillment. - Guidance on top line and margins will be updated post Q3 based on clarity in deliveries and order execution.