The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padmanaban Krishnamoorthy
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Padmanaban Krishnamoorthy, part of the promoter group of Genesis IBRC India Limited, received 64,33,700 equity shares (49.49% of diluted share capital) from his wife Ms. V Varalakshmi on January 19, 2026, as a gift (no price paid). Post-transaction, the acquirer's individual holding jumped from 12.59% to 62.08%, while the transferor's holding fell from 61.58% to 12.09%. The total promoter and promoter group shareholding remains unchanged at 74.17%, as this is an internal family reshuffle. The transaction is exempt from the open offer requirement under Regulation 10(1)(a)(i) of SEBI Takeover Regulations, 2011, which covers inter-se transfers among immediate relatives.
This is a non-event for retail shareholders — no cash changes hands, no new shares are issued, and the overall promoter control of the company stays exactly the same at 74.17%. The only change is that the largest individual promoter name shifts from the wife to the husband, which has no material bearing on stock price or minority shareholder rights.