Amendment in the Name and Object Clause of the Company''s MoA.
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Shareholders of Genesis IBRC India Limited (BSE: 514336) approved 11 resolutions via postal ballot concluded on March 5, 2026. The company will change its name to CCME Global Limited and alter its main objects to pivot into FMCG, commodities, and minerals businesses, with a planned investment of up to ₹3,000 lakhs. The authorised share capital was increased, and shareholders also cleared a preferential issue of equity shares to raise funds. Six directors were appointed or regularised, including Poonam Chaturvedi as Managing Director, and related-party transactions were approved.
This marks a major business pivot from the company's existing operations into FMCG and minerals, led by a new management team. The preferential share issue and capital increase signal potential equity dilution, while the related-party transaction approval is something shareholders should watch closely.