The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padmanaban Krishnamoorthy
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Promoter group members Ms. V Varalakshmi (acquirer) and Mr. Padmanaban Krishnamoorthy (PAC) jointly acquired 14,73,000 equity shares (11.34% of paid-up capital) of Genesis IBRC India Limited on 7 January 2026 through an off-market Share Purchase Agreement. Ms. Varalakshmi's individual stake rose from 55.92% to 61.58% (8,006,000 shares), while Mr. Padmanabhan's stake moved from 6.92% to 12.59% (1,636,700 shares). Combined promoter group holding increased from 62.84% to 74.17% of the company. No shares were encumbered, and the acquisition was settled entirely off-market with no open-market activity involved.
The promoter group is consolidating control and now sits just under the 75% open-offer trigger threshold under SEBI Takeover Regulations, which could limit further acquisitions without triggering a mandatory offer to public shareholders. The off-market nature suggests a negotiated, friendly transaction rather than open-market buying pressure.