Chiswick Investment Pte. Ltd has reduced its shareholding in Genus Power Infrastructures Limited by 11.030% through an open market sale on 30 June 2026. The transaction involved the sale of 33,559,114 equity shares carrying voting rights, bringing the acquirer's stake down to 4.082% of the total paid-up equity share capital. This divestment triggered the disclosure requirements under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the sale, Chiswick Investment Pte. Ltd held 45,978,965 equity shares, representing 15.113% of the total share capital. Following the disposal, the entity retains 12,419,851 equity shares. The acquirer clarified that it does not belong to the promoter or promoter group of the target company. The shares of Genus Power Infrastructures Limited are listed on BSE Limited and National Stock Exchange of India Limited.

The calculations for the shareholding percentages are based on the latest publicly available equity share capital figures. As of 15 May 2026, the company disclosed that its total paid-up equity share capital stood at 304,242,615 equity shares, following the allotment of 24,880 employee stock options. The diluted share capital used for certain calculations was reported as 307,731,484 equity shares as of the quarter ended 31 March 2026.

Shareholding Details

The filing, signed by Nitish Hemdani, Director of Chiswick Investment Pte. Ltd in Singapore on 01 July 2026, confirms that the acquirer holds no shares in the nature of encumbrance, voting rights otherwise than by shares, or warrants and convertible securities.

Genus Power Infrastructures Limited has dispatched the Notice of Postal Ballot to seek shareholder approval for the appointment of Mr. Sandeep Jain as an Independent Director. The resolution proposes a tenure of one year, effective from May 2, 2026, to May 1, 2027. The appointment is subject to the approval of members through a special resolution.

Mr. Sandeep Jain (DIN: 11696540) was initially appointed as an Additional Director by the Board on May 2, 2026. The Board, based on the recommendation of the Nomination and Remuneration Committee, has proposed his appointment as an Independent Director. The company has received all necessary statutory disclosures and declarations from Mr. Jain, confirming his eligibility and independence under the Companies Act, 2013, and SEBI Listing Regulations.

Voting Schedule and Process

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process. Shareholders whose names appear in the Register of Members or List of Beneficiaries as of the cut-off date, Friday, June 19, 2026, are eligible to vote.

The results of the postal ballot, along with the scrutinizer's report, will be announced within two working days of the conclusion of the e-voting period. The results will be displayed on the company’s website and communicated to the stock exchanges.

Profile of the Director

Mr. Jain, aged 62, is a retired Indian Revenue Service (IRS) officer from the 1989 batch. He retired as Director General (Legal and Research) after a career of approximately 35 years with the Government of India, primarily in the Income Tax Department. He holds a Bachelor of Arts and LL.B. from the University of Allahabad and possesses extensive experience in legal adjudication, tax administration, and policy formulation.

The remuneration proposed for Mr. Jain includes fees for attending Board and Committee meetings, reimbursement of expenses, and profit-related commission within the limits stipulated under Section 197 of the Companies Act, 2013. None of the Directors or Key Managerial Personnel of the company, other than their shareholding, are interested in the resolution.