Genesis Ibrc India Ltd — Important, 01-01-1970: Company Update

Genesis IBRC India Limited's open offer has been updated with a crucial change in the acquisition process. Acquirers Mr. Padmanaban Krishnamoorthy and Ms. V Varalakshmi will now acquire up to 26,40,039 shares, representing 20.31% of voting capital, via an off-market tender offer. The offer price remains ₹7.00 per share, with a maximum consideration of ₹1.85 crore. This change, aligning with regulatory guidance, clarifies the method for tendering shares and revises the tendering period. The Independent Directors' views on the offer were also published, ensuring transparency for public shareholders.