Genus Power Infrastructures Limited has informed the Exchange regarding Proceedings 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 has announced the completion of its postal ballot process conducted via remote e-voting from April 8 to May 7, 2026. Three resolutions were voted upon and all passed with overwhelming shareholder approval. Resolution 1 approved the appointment of Mr. Nathu Lal Nama as Whole-time Director (Executive Director) with 97.28% votes in favor. Resolution 2 approved a revision in overall borrowing powers under Section 180(1)(c) of the Companies Act with 95.53% support. Resolution 3 approved creation of securities/mortgage/charge on company assets under Section 180(1)(a) with 95.52% approval. Total valid votes polled were 209,178,389 across all resolutions, representing approximately 68.76% of outstanding shares. The scrutinizer from ARMS & Associates LLP certified all resolutions as duly passed.
All resolutions passed with strong shareholder backing (over 95% approval on two resolutions, 97% on the third), indicating management continuity and shareholder confidence in the company's borrowing and asset management plans. The appointment of a new executive director may bring operational focus, while enhanced borrowing powers provide flexibility for future growth funding.