Genus Power Infrastructures Limited — Important, 13-03-2025: Agreements

Genus Power Solutions Private Limited has entered into a Share Purchase Agreement to acquire 13,000 equity shares, representing 13% of Durg Rajnandgaon Jagdalpur Smart Metering Private Limited. This acquisition will result in Durg Rajnandgaon becoming a wholly owned subsidiary of Genus Power Solutions. The target company, which has been recently incorporated, focuses on the manufacturing of smart and prepaid meters, aligning with Genus Power's strategic goals in enhancing its service offerings in the power infrastructure and distribution sector. The deal is set to strengthen Genus Power’s market positioning and potentially expand its operational capabilities. Investors should monitor this development closely, as the acquisition may yield long-term benefits by enhancing their technological scope and operational footprint in the smart metering space.