Genesys International Corporation Limited has informed the Exchange regarding Notice of Postal BallotPursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 read with Schedule III of the said Regulations, please find enclosed a copyof the Postal Ballot Notice together with the Explanatory Statement thereto for seekingapproval of the Members of the Company on the Special Business as set out in thesaid Postal Ballot Notice
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Genesys International Corporation is seeking shareholder approval via postal ballot (e-voting from May 1-30, 2026) for 7 resolutions. Key proposals include: (1) Increasing authorised share capital from Rs 27.25 crore to Rs 45 crore by creating 3.55 crore additional equity shares of Rs 5 each, (2) Appointing Mr. Sumit Sen as Non-Executive Independent Director for 3 years, (3) Paying technical consultancy fees up to Rs 5 lakh per month plus GST to Non-Executive Director Mr. Omprakash Hemrajani, (4) Material related party transactions with subsidiary AN Virtual World Tech Ltd, Cyprus up to Rs 120 crore for FY 2026-27, (5) Inter-subsidiary transactions between AN Virtual World Tech Ltd and wholly-owned subsidiary Genesys Middle East Company Limited up to Rs 100 crore, (6) Approval for loans up to Rs 30 crore from Promoter/Director with conversion option, and (7) Conversion of existing loan from Promoter/Director up to Rs 22 crore into fully paid-up equity shares.
Shareholders should note potential equity dilution from the Rs 22 crore loan conversion and the increased authorised capital. The related party transactions with subsidiaries involve significant amounts (Rs 220 crore combined) and require close monitoring. The director appointment and consultancy fee approval are governance-related matters.