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

Genesis IBRC India Limited announced an update on its open offer. Acquirers Mr. Padmanaban Krishnamoorthy and Ms. V Varalakshmi sought to acquire up to 26.40 lakh shares at ₹7.00 each. Public shareholders tendered 9.00 lakh shares, which were accepted, totaling ₹63.01 lakh. This represents 6.92% of voting capital through the offer. Including prior acquisitions, the acquirers now hold 96.43 lakh shares, or 74.17% of the voting capital. The acquirers will apply to be reclassified as promoters, signaling a significant ownership change.