Shareholders of Genus Power Infrastructures Limited have approved the appointment of Sandeep Jain (DIN: 11696540) as an Independent Director, securing a strong mandate of 95.82% of valid votes cast. The resolution, passed via remote e-voting on July 30, 2026, strengthens the company’s governance structure with Jain’s addition to the Board. This outcome reflects broad shareholder confidence in the Board’s nomination, with promoter group support being unanimous.

The postal ballot process was conducted in compliance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the proposal for a Postal Ballot on May 16, 2026. Equity shareholders registered as of June 19, 2026, were eligible to vote. The remote e-voting window opened on July 01, 2026, at 9:00 A.M. (IST) and closed on July 30, 2026, at 5:00 P.M. (IST). Central Depository Services (India) Limited facilitated the e-voting platform.

Voting Results by Shareholder Category

A total of 509 members participated, casting 212,686,904 valid votes out of 304,242,615 shares held on the record date. While the promoter group voted unanimously in favor, public institutional investors showed some dissent compared to non-institutional public shareholders.

Governance and Scrutiny

Lata Gyanmalani, Partner at ARMS & Associates LLP, served as the independent scrutinizer. Her report confirmed the fairness and transparency of the e-voting process. The vote count was unblocked and finalized on July 30, 2026, in the presence of two independent witnesses, Mr. Rakesh Shrimal and Mr. Pawan Tyagi. Puran Singh Rathore, Joint Company Secretary & Compliance Officer, countersigned the report on July 31, 2026.

The company ensured broad dissemination of the ballot notice by publishing it on its website, the BSE and NSE websites, and the CDSL e-voting portal. A newspaper advertisement detailing the dispatch and voting instructions was published in Business Standard (Hindi and English) on June 30, 2026, in compliance with Ministry of Corporate Affairs General Circular Nos. 14/2020, 17/2020, and 03/2025.

Blue Daimond Properties Pvt Ltd has increased its shareholding in Genus Power Infrastructures Ltd to 6.12% following an open market acquisition on June 30, 2026. The entity purchased 51,03,068 shares, representing 1.68% of the voting capital, as disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, the acquirer held 4.45% of the voting capital.

The shares were acquired along with persons acting in concert, deemed to be acting in concert for the purposes of these investments only. Following the purchase, the total holding rose to 1,86,29,612 shares. The acquirer clarified that it does not belong to the promoter or promoter group of the target company.

Acquisition Details

The transaction was executed entirely through the open market. The equity share capital and total voting capital of Genus Power Infrastructures Ltd remained unchanged at 30,42,17,735 shares before and after the acquisition. The total diluted share capital also stood at 30,42,17,735 shares.

Shareholding Pattern

The disclosure was submitted to the Stock Exchange in Mumbai on July 2, 2026. Blue Daimond Properties Private Limited, registered with CIN U70100MH2006PTC159608, confirmed that no warrants, convertible securities, or encumbrances were involved in the transaction.