The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Mr. Padmanaban Krishnamoorthy (promoter) received 64,33,700 equity shares of Genesis IBRC India Limited (BSE: 514336) as a gift from his wife Ms. V Varalakshmi (promoter) on January 19, 2026. This is an off-market inter-se transfer between immediate relatives, exempt from open offer under Regulation 10(1)(a)(i) of SEBI SAST Regulations 2011. Post-transfer, Mr. Padmanaban's stake rose from 12.59% (16,36,700 shares) to 62.08% (80,70,400 shares), while Ms. V Varalakshmi's stake dropped from 61.58% (80,06,000 shares) to 12.09% (15,72,300 shares). The total promoter and promoter group shareholding remains unchanged at 74.17%. SEBI filing fees of Rs. 1,50,000 was paid on January 23, 2026, and the company has a paid-up capital of Rs. 13 crore comprising 1.3 crore equity shares of Rs. 10 each.
This is a purely internal family arrangement (gift between spouses) with no change in overall promoter control or voting power. Since no shares are traded on the market, the stock price is unlikely to be impacted. Investors should note that individual shareholding concentration has shifted within the promoter group, but management control and promoter group identity remain the same.