Notice of Postal Ballot for Genesis IBRC India Limited.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Genesis IBRC India Limited has issued a Postal Ballot Notice to shareholders with remote e-voting open from February 4, 2026 to March 5, 2026, and results due March 7, 2026. Key proposals include changing the company's name to 'CCME Global Limited' and shifting its main business objects to FMCG and minerals (dairy, snacks, beverages, personal care, healthcare, bitumen, iron ore, etc.). The company plans to increase its authorised share capital from INR 13 crore to INR 60 crore, and issue up to 4.02 crore equity shares at INR 10 each on a preferential basis, raising up to INR 40.25 crore from 11 allottees including promoter Padmanaban Krishnamoorthy (2.5 crore shares for INR 25 crore). Several new directors are being regularised, including Poonam Chaturvedi as Managing Director, Padmanaban Krishnamoorthy as Chairperson, and new independent directors Ashok Patel and Ritika Agrawal. A related party transaction resolution covers the preferential allotments to promoter and director entities.
Shareholders should review and vote by March 5, 2026; if approved, the company will rename itself, pivot to FMCG/minerals, raise fresh capital at par, and see a substantial change in shareholding and board composition, which could lead to share dilution and a re-rating based on the new business direction.