Genus Power Infrastructures Passes All Three Postal Ballot Resolutions via E-Voting
Genus Power Infrastructures successfully passed all three postal ballot resolutions via remote e-voting on May 07, 2026, including the appointment of Mr. Nathu Lal Nama (DIN: 10302325) as Executive Director, revision of borrowing powers under Section 180(1)(c), and creation of securities/mortgage/charge under Section 180(1)(a) of the Companies Act, 2013. Out of 304,217,735 total shares, 209,178,390 valid votes were polled (68.76% turnout), with the Promoter & Promoter Group voting 100% in favour across all resolutions. The scrutinizer's report was filed with BSE and NSE on May 08, 2026.
*this image is generated using AI for illustrative purposes only.
Genus Power Infrastructures has successfully passed all three resolutions contained in its Postal Ballot Notice dated February 09, 2026, through remote e-voting. The results were announced on May 08, 2026, with all resolutions deemed passed on May 07, 2026 — the last date specified for e-voting — with the requisite majority. The e-voting process was facilitated by Central Depository Services (India) Limited (CDSL), remaining open from Wednesday, April 08, 2026 at 9:00 A.M. (IST) and concluding on Thursday, May 07, 2026 at 5:00 P.M. (IST). A total of 165,528 shareholders were on record as of the cut-off date of March 27, 2026, with 209,178,390 valid votes polled out of 304,217,735 total shares, representing a voter turnout of 68.76%.
Resolutions Passed
The three resolutions approved through the postal ballot process are as follows:
- Appointment of Mr. Nathu Lal Nama (DIN: 10302325) as Whole-time Director, designated as Executive Director of the Company (Ordinary Resolution)
- Revision in overall borrowing powers of the Company under Section 180(1)(c) of the Companies Act, 2013 (Special Resolution)
- Creation of securities/mortgage/charge on the assets of the Company under Section 180(1)(a) of the Companies Act, 2013 (Special Resolution)
Scrutinizer's Report and Process Overview
The scrutiny of the postal ballot e-voting was conducted by Lata Gyanmalani, Practicing Company Secretary and Partner at M/s. ARMS & Associates LLP, Jaipur, appointed (in the absence of Mr. Sandeep Jain) by the Board of Directors vide Board Resolution dated February 09, 2026. The process was carried out pursuant to Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, as amended, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Postal Ballot Notice was dispatched electronically to shareholders whose email addresses were registered with the Company, its Registrar and Share Transfer Agents, NSDL, CDSL, or Depository Participants. A newspaper advertisement was also published on April 07, 2026 in Business Standard (Hindi and English editions) detailing the dispatch of the Notice and e-voting instructions.
E-Voting Results
The scrutinizer reviewed and verified the remote e-voting data downloaded from the CDSL e-voting system. The summary of results across all three resolutions is presented below.
Resolution 1: Appointment of Mr. Nathu Lal Nama as Whole-time Director (Ordinary Resolution)
| Votes: | Number of Members Voted | Number of Valid Votes Cast | % of Total Valid Votes Cast |
|---|---|---|---|
| For: | 315 | 203494608 | 97.28 |
| Against: | 89 | 5683781 | 2.72 |
| Total: | 404 | 209178389 | 100.00 |
| Invalid Votes (Members): | 0 | 0 | — |
Resolution 2: Revision in Borrowing Powers under Section 180(1)(c) (Special Resolution)
| Votes: | Number of Members Voted | Number of Valid Votes Cast | % of Total Valid Votes Cast |
|---|---|---|---|
| For: | 349 | 199825979 | 95.53 |
| Against: | 54 | 9352410 | 4.47 |
| Total: | 403 | 209178389 | 100.00 |
| Invalid Votes (Members): | 0 | 0 | — |
Resolution 3: Creation of Securities/Mortgage/Charge under Section 180(1)(a) (Special Resolution)
| Votes: | Number of Members Voted | Number of Valid Votes Cast | % of Total Valid Votes Cast |
|---|---|---|---|
| For: | 345 | 199803791 | 95.52 |
| Against: | 58 | 9374598 | 4.48 |
| Total: | 403 | 209178389 | 100.00 |
| Invalid Votes (Members): | 0 | 0 | — |
Category-Wise Voting Breakdown
The detailed category-wise voting data, as disclosed under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is presented below for each resolution.
Resolution 1: Appointment of Mr. Nathu Lal Nama as Executive Director
| Category: | Shares Held | Votes Polled | % Polled | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|---|---|---|
| Promoter & Promoter Group: | 119684511 | 117223404 | 97.94 | 117223404 | 0 | 100.00 | 0.00 |
| Public – Institutions: | 66431505 | 63961491 | 96.28 | 58281880 | 5679611 | 91.12 | 8.88 |
| Public – Non Institutions: | 118101719 | 27993495 | 23.70 | 27989324 | 4170 | 99.99 | 0.01 |
| Total: | 304217735 | 209178390 | 68.76 | 203494608 | 5683781 | 97.28 | 2.72 |
Resolution 2: Revision in Borrowing Powers under Section 180(1)(c)
| Category: | Shares Held | Votes Polled | % Polled | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|---|---|---|
| Promoter & Promoter Group: | 119684511 | 117223404 | 97.94 | 117223404 | 0 | 100.00 | 0.00 |
| Public – Institutions: | 66431505 | 63961491 | 96.28 | 54623265 | 9338226 | 85.40 | 14.60 |
| Public – Non Institutions: | 118101719 | 27993495 | 23.70 | 27979310 | 14184 | 99.95 | 0.05 |
| Total: | 304217735 | 209178390 | 68.76 | 199825979 | 9352410 | 95.53 | 4.47 |
Resolution 3: Creation of Securities/Mortgage/Charge under Section 180(1)(a)
| Category: | Shares Held | Votes Polled | % Polled | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|---|---|---|
| Promoter & Promoter Group: | 119684511 | 117223404 | 97.94 | 117223404 | 0 | 100.00 | 0.00 |
| Public – Institutions: | 66431505 | 63961491 | 96.28 | 54623265 | 9338226 | 85.40 | 14.60 |
| Public – Non Institutions: | 118101719 | 27993495 | 23.70 | 27957122 | 36372 | 99.87 | 0.13 |
| Total: | 304217735 | 209178390 | 68.76 | 199803791 | 9374598 | 95.52 | 4.48 |
Key Highlights
- Resolution 1 (Appointment of Mr. Nathu Lal Nama as Executive Director) received the highest approval, with 97.28% of valid votes cast in favour.
- Resolution 2 (Revision of borrowing powers) and Resolution 3 (Creation of securities/mortgage/charge) each received approximately 95.52%–95.53% votes in favour.
- The Promoter & Promoter Group voted 100% in favour across all three resolutions.
- No invalid votes were recorded across any of the three resolutions.
- The unblocking and finalisation of votes on May 07, 2026 was witnessed by Mr. Rakesh Shrimal and Mr. Pawan Tyagi, both independent of the Company's employment.
Compliance and Filing
The scrutinizer's report was submitted by Lata Gyanmalani (FCS 10106, CP No. 9774) on May 07, 2026 from Jaipur. The report was countersigned by Puran Singh Rathore, Joint Company Secretary & Compliance Officer of Genus Power Infrastructures, and filed with BSE Limited and the National Stock Exchange of India Limited on May 08, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All voting data and related records are to be handed over to the Chairman or Company Secretary of the Company for safe keeping as required under the Act and relevant Rules.
Historical Stock Returns for Genus Power Infrastructures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.55% | +4.74% | +36.03% | -7.54% | +14.72% | +530.38% |
How might Mr. Nathu Lal Nama's appointment as Executive Director influence Genus Power's strategic direction in India's smart metering and energy infrastructure sector?
Given the approval to revise borrowing powers and create securities/mortgage/charge on assets, what large-scale capital expenditure or expansion projects is Genus Power likely to pursue in the near term?
With institutional investors casting approximately 14.6% of their votes against the borrowing and asset-charge resolutions, what concerns might they have about Genus Power's leverage strategy and how could management address them?
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