Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Public Announcement to the public shareholders of Genesis Ibrc India Ltd ("Target Company").
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Awaiting price reaction for this filing.
Mr. Padmanaban Krishnamoorthy and Ms. V Varalakshmi (both NRIs based in Dubai) have completed an open offer for Genesis IBRC India Limited at ₹7.00 per share. The offer was for up to 26,40,039 shares (20.31% of voting capital), but only 9,00,200 shares were actually tendered and accepted, for a total consideration of ₹63,01,400. Separately, the Acquirers had already acquired 72,69,500 shares (55.92%) through an off-market transaction and 14,73,000 shares (11.33%) via a Share Purchase Agreement. Post-offer, the Acquirers hold 96,42,700 shares or 74.17% of the target company. Payment of consideration to shareholders who tendered was completed on December 23, 2025.
Public shareholders who tendered will receive ₹7.00 per share. The Acquirers now control 74.17% of Genesis IBRC, leaving only 25.83% with the public — significantly reduced free float and liquidity in the stock. The Acquirers will apply to be reclassified as promoters of the company.