The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 16, 2025 for Kailash Chandra Agarwal
GENUSPOWER · price
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Awaiting price reaction for this filing.
Promoter Kailash Chandra Agarwal has disclosed a release of encumbrance (pledge) on equity shares of Genus Power Infrastructures Limited under SEBI SAST Regulations. The release, dated June 10, 2025, was made to repay a loan. For Kailash Chandra Agarwal personally, encumbered shares dropped from about 3.32% to 0.26% of the company's diluted share capital. The filing covers encumbrance details across promoter group entities including Kailash Chandra Agarwal, Ishwar Chandra Agarwal HUF, Kailash Coal and Coke Company Ltd, Hi-Print Electromack Pvt Ltd, and Genus Innovation Ltd. The total promoter-group pledge remains low, mostly between 0.26% and 15.56% of share capital post-release.
This is a positive development for shareholders — the promoter has reduced pledged shares by repaying loans, lowering financial risk on the promoter group's holdings and signalling improved promoter financial health.