Genesys International Corporation Limited has informed the Exchange about Action(s) taken or orders passedPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (SEBI LODR Regulations) we hereby inform you that the Company has received notices dated February 27, 2026 from National Stock Exchange of India Limited (NSE) and BSE Ltd. (BSE) regarding non-compliance with the provisions of Reg 17(1), 19(1)/19(2), 20(2)/(2A) and 21(2) of the SEBI LODR Regulations. In view of the said noncompliances, a fine of ₹96,760/- has been imposed by each of the Stock Exchanges i.e. NSE & BSE.
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Genesys International has been fined ₹96,760 by each of the two stock exchanges (NSE and BSE), totaling around ₹1.93 lakh, for non-compliance with SEBI LODR rules on board composition and key committees. The issue arose because a vacancy was created on the board when an Independent Director's term ended, and the company had not filled the position or reconstituted the required committees in time. The rules involved cover the Board (Reg 17), Nomination and Remuneration Committee (Reg 19), Stakeholders Relationship Committee (Reg 20), and Risk Management Committee (Reg 21). The company has stated there is no financial or operational impact from this penalty.
The fine is very small relative to the company's size and is purely a technical penalty for a governance gap. Shareholders may note this as a minor compliance lapse but it does not affect business operations or financials. The key issue is the unfilled Independent Director position, which the company will need to resolve soon.