The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ms. V Varalakshmi
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Ms. V Varalakshmi, along with PAC Mr. Padmanabhan Krishnamoorthy (both classified as promoters), acquired 14,73,000 equity shares (11.34%) of Genesis IBRC India Limited through a Share Purchase Agreement (SPA) on an off-market basis on January 7, 2026. Each of them bought 7,36,500 shares (5.67%). Before the deal, their combined holding stood at 81,69,700 shares (62.84%); after the acquisition, it rose to 96,42,700 shares (74.17%) of the company's paid-up capital. Ms. V Varalakshmi's individual stake moved from 55.92% to 61.58%, while Mr. Padmanabhan Krishnamoorthy's went from 6.92% to 12.59%. No encumbrance (pledge/lien) was created on the shares, and the consideration was paid to existing promoters.
Promoters have consolidated their control by lifting combined holding from 62.84% to 74.17%, signalling strong insider confidence in the company. The off-market nature of the deal limits float, which could reduce trading liquidity for retail shareholders, though the increased promoter skin-in-the-game is generally viewed as a positive signal.