The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mastan Rao Pesala & Others
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Promoters of Genesis IBRC India Limited — Mr. Mastan Rao Pesala, Mrs. Venkata Subbamma Pesala, Mr. Srikanth Pesala and Mr. Arun Kumar P — have sold their entire holding of 14,73,000 equity shares (11.33% of paid-up capital) via an off-market transaction to Mr. Venkatraman Varalakshmi and Mr. Padmanaban Krishnamoorthy on January 7 and 8, 2026. The sale was carried out pursuant to the open offer, and the acquirers are not classified as promoters of the target company. After the transaction, the promoters' holding in the company stands reduced to nil, while the acquirers' holding stands at 11.33%. Total equity share capital of the company remains unchanged at 1,30,00,000 shares of Rs. 10 each.
This represents a complete exit by the existing promoter group and a change in control at the shareholder level, with new non-promoter shareholders picking up an 11.33% stake. Existing public investors should expect shifts in the shareholding pattern and governance dynamics; the stock may see re-rating or volatility depending on who the new acquirers are and their future plans.