The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for V Varalakshmi
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V Varalakshmi, a promoter of Genesis IBRC India Limited, transferred 64,33,700 equity shares (49.49% of paid-up capital) on January 19, 2026, to an immediate relative (husband) as an off-market gift under SEBI Regulation 10(1)(a)(i). Before the transfer, she held 80,06,000 shares (61.58%); after the transfer, her holding drops to 15,72,300 shares (12.09%). The transaction is exempt from open offer requirements because it is an inter-se transfer among immediate relatives within the promoter group. Importantly, the total promoter and promoter group shareholding in the company remains unchanged despite this reshuffle. The company has 1,30,00,000 equity shares of Rs 10 each as total paid-up capital, listed on BSE.
No change in overall promoter group control or shareholding pattern, so existing shareholders and stock price are unlikely to be materially affected. This is purely an internal family restructuring of promoter holdings and does not signal any change in management control.