Genesis Ibrc India Ltd — Important, 28-01-2026: Company Update

Genesis IBRC India Limited's Board has approved a preferential issue of up to 4.025 crore equity shares at ₹10 each, raising ₹40.25 crore from 11 investors, including promoters. This move is designed to inject capital. Concurrently, the Board endorsed increasing the authorized share capital from ₹13 crore to ₹60 crore. Crucially, the company plans to broaden its business scope, altering its main object clause to include Fast-Moving Consumer Goods (FMCG), commodities, and minerals. This expansion aims to leverage new management's expertise for growth, particularly in global markets. These decisions await shareholder approval via postal ballot.