Genus Power Infrastructures Limited has informed the Exchange regarding Notice of Postal Ballot
GENUSPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Genus Power Infrastructures Limited is seeking shareholder approval via postal ballot for three resolutions: (1) appointment of Mr. Nathu Lal Nama as Whole-time Director (Executive Director) for 2 years at a salary of Rs. 80.33 lakhs per annum, while continuing his role as CFO; (2) increase in borrowing powers from Rs. 5,000 crore to Rs. 6,000 crore under Section 180(1)(c) of the Companies Act; and (3) authorization to create securities/mortgage/charge on company assets to secure such borrowings under Section 180(1)(a). The company cites increased business activities and opportunities under the Revamped Distribution Sector Scheme (RDSS) with a CAPEX-OPEXTOTEX BOOT model in power distribution as the reason for the higher borrowing limit. E-voting opens April 8, 2026 and closes May 7, 2026.
The appointment formalises the CFO's expanded role while the borrowing limit increase signals potential growth capex. A 20% jump in authorised borrowings to Rs. 6,000 crore indicates the company is preparing for large project commitments under government distribution schemes, which could be positive for revenue visibility but increases financial leverage.