Genus Paper & Boards Limited has informed the Exchange about Diversification/Disinvestment
GENUSPAPER · price
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Awaiting price reaction for this filing.
Genus Paper & Boards has sold its entire 100% equity stake (20 lakh shares of Rs. 10 each) in its wholly owned subsidiary Genus Paper and Coke Limited (GPCL) for Rs. 11.86 crores. The buyer is Hi-Print Electromack Private Limited, which is itself a Promoter of the listed company, making this a related party transaction. The sale was completed on March 6, 2026, on an arm's length basis as per a valuation report. GPCL had contributed just 1.65% of revenue (Rs. 14.24 cr) and 4.34% of networth (Rs. 22.35 cr) to the company in FY25, indicating it was a non-core, small subsidiary. Consequently, GPCL ceased to be a subsidiary of the company from March 6, 2026.
Minor positive: the company has exited a small, non-core subsidiary for Rs. 11.86 cr, but the fact that the buyer is a related party (a promoter entity) may attract shareholder scrutiny. The financial impact is limited given GPCL's negligible contribution to overall revenue and networth.