Outcome of Postal Ballot of the Company.
Price
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Awaiting price reaction for this filing.
Shareholders of Genesis IBRC India Limited (now CCME Global Limited) approved 11 resolutions via postal ballot concluded on March 5, 2026. Key approvals include changing the company name to CCME Global Limited, altering the main objects to enter FMCG, commodities and minerals business, increasing authorised share capital, and issuing equity shares on a preferential basis. Five directors were appointed/regularised, including Poonam Chaturvedi as Managing Director and Ashok Chhaganbhai Patel and Ritika Agrawal as Independent Directors. The new FMCG-focused business will see an estimated investment of up to INR 3,000 Lakhs, targeting Indian FMCG demand in Middle East countries. Related party transactions were also approved.
This represents a major pivot for the company — a new identity (CCME Global), new FMCG/minerals business focus, fresh capital infusion via preferential issue, and an entirely new management team. Shareholders should watch for the preferential issue pricing and dilution impact, while the strategic shift into FMCG export markets could be a significant value driver if executed well.