Genus Power Infrastructures Limited has informed the Exchange about the Certified true copy of the order of the Hon ble National Company Law Tribunal, Allahabad Bench ( NCLT )Scheme of Arrangement
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Genus Power Infrastructures has received the certified copy of the NCLT Allahabad Bench order dated May 16, 2025, sanctioning its Scheme of Arrangement. The scheme involves the demerger of the company's Strategic Investment Business (Demerged Undertaking) into Genus Prime Infra Limited. This is a continuation of the company's earlier disclosure from April 30, 2025, when the NCLT first approved the scheme. The certified order has also been uploaded on the company's website for public reference.
This is a procedural update confirming the NCLT's formal sanction, which moves the demerger closer to completion. Shareholders should watch for the next steps, including record date announcement, share allotment in Genus Prime Infra, and potential listing of the resulting entity.