Genesys International Corporation promoter Sajid Siraj Malik has acquired 3,82,958 equity shares via transmission from his late mother, Saroja Malik, raising his individual stake to 11.88%. The transaction, disclosed on July 28, 2026, falls under the exemption for transfers within the promoter group under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, no open offer is required, and the aggregate promoter holding remains unchanged at 20.55%.

The acquisition involves equity shares with a face value of ₹5 each, constituting 0.92% of the company’s paid-up equity capital. As this is an off-market transmission upon death rather than a market purchase, no price per share was disclosed in the filing. The transfer consolidates ownership within the family promoter group without altering the overall control structure or diluting public shareholding. The date of acquisition was recorded as July 27, 2026.

Shareholding Changes

The table below outlines the shift in shareholding for the acquirer and the transferor before and after the transaction:

Sajid Siraj Malik’s total holding increased from 45,78,456 shares to 49,61,414 shares. Conversely, the holding of Late Mrs. Saroja Malik was reduced to zero following the complete transmission of her 3,82,958 shares. The collective holding of Persons Acting in Concert (PACs), including Sohel Siraj Malik, Kilam Holdings Ltd., Kadam Holding Ltd., and Mrs. Shazia Malik, adjusted accordingly.

Regulatory Compliance

The disclosure was filed pursuant to Regulation 10(6) of the SEBI SAST Regulations, which mandates post-intimation for acquisitions exempted from open offer obligations. The filing confirms that since the transaction occurred between promoters (including the promoter group), it is exempt under Regulation 10(1)(g). Consequently, prior disclosure under Regulation 10(5) was not applicable. The company’s total voting capital remains at 4,17,90,377 equity shares of ₹5 each.

What the Numbers Show

While the individual stake of Sajid Siraj Malik increased by nearly one percentage point, the stability of the aggregate promoter group holding indicates that this is a structural realignment of assets within the existing controlling circle rather than a change in effective control. Such transmissions are common in family-owned businesses following the passing of a senior promoter, ensuring continuity of ownership without triggering market-wide takeover obligations.

Sajid Malik, Promoter, Chairman & Managing Director of genesys international corp , has pledged 920,728 equity shares to secure working capital credit facilities from HDFC Bank Limited. The disclosure, submitted to the stock exchanges on July 07, 2026, confirms that the pledge was created on July 01, 2026. This encumbrance impacts 2.20% of the company's total paid-up share capital.

The transaction was executed under Regulation 31(2) and 31(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing details that the shares are pledged as collateral specifically to secure credit facilities for the company's working capital requirements. Prior to this creation, Mr. Malik held 11,86,046 shares, or 2.84% of the total share capital, as encumbered.

Details of Encumbrance

The following table outlines the shareholding and encumbrance details for the promoter group as of the reporting date:

Share Capital Context

The total paid-up equity share capital of Genesys International Corporation Limited as per the latest filing on March 31, 2026, stands at 4,17,90,377 shares of ₹5 each. The diluted share capital, assuming full conversion of outstanding convertible securities, is reported at 4,20,94,777 shares. The pledge by Mr. Malik increases his total encumbered holdings to 5.04% of the total share capital.