Genus Power Infrastructures Limited has informed the Exchange regarding voting results 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 disclosed the results of its Postal Ballot conducted via remote e-voting, with all three resolutions passed on May 07, 2026. Resolution 1 (Ordinary) approved the appointment of Mr. Nathu Lal Nama as Whole-time Director (Executive Director) with 97.28% shareholder support. Resolution 2 (Special) approved a revision in overall borrowing powers under Section 180(1)(c) of the Companies Act, 2013 with 95.53% support. Resolution 3 (Special) approved the creation of securities/mortgage/charge on company assets under Section 180(1)(a) with 95.52% support. Total valid votes cast were approximately 209.18 million shares, with over 95% in favor across all resolutions.
All resolutions passed comfortably with overwhelming shareholder approval, indicating confidence in the new director appointment and expanded financial flexibility for the company. The borrowing powers and asset charge approvals suggest the company may be planning to raise debt or create collateral for future financing needs.