Notice of 33rd Annual General Meeting
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Genesis IBRC India Limited has filed the notice for its 33rd AGM to be held on 30th September 2025 at 11:00 AM at the registered office in Eluru, Andhra Pradesh. For FY 2024-25, the company reported zero revenue from operations but recorded Rs 366.72 lakhs as other income, swinging to a profit after tax of Rs 350.48 lakhs compared to a loss of Rs 379.75 lakhs in the previous year, giving an EPS of Rs 2.70. The company explicitly states it had no business operations during the year under review and no dividend has been recommended. Shareholders will vote on the reappointment of Whole-Time Director Mr. Balakrishna Koppula, the appointment of M/s M N Rao & Associates LLP as new statutory auditors for a five-year term (replacing M/s Ramasamy Koteswara Rao & Co.), and the appointment of M/s P.S. Rao & Associates as secretarial auditors for five years. E-voting will be open from 27th September to 29th September 2025, with 23rd September 2025 as the cut-off date.
For shareholders, this is a routine AGM notice. The return to profit is driven entirely by other income rather than core business activity, as the company had no operations during FY25. The auditor change and lack of dividend signal limited operational substance, which investors should weigh alongside the headline profit number.