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.

Genus Power Infrastructures recorded a substantial block trade on the BSE, drawing significant attention from market participants. Adding further depth to the transaction, sources indicate that prominent investors Akash Bhansali and Madhu Kela were among the key buyers in the deal.

Block Trade Details

The block deal saw approximately 19766887 shares of Genus Power Infrastructures change hands on the BSE. The trade was executed at a price of ₹291.65 per share, aggregating to a total deal value of ₹576.5 crore. The following table summarises the key parameters of the transaction:

Market Significance

Block trades of this scale typically indicate institutional-level participation, as such transactions involve large quantities of shares executed in a single deal. The reported involvement of well-known investors Akash Bhansali and Madhu Kela as key buyers further underscores the significance of this transaction. The ₹576.5 crore block trade in Genus Power Infrastructures represents a notable market event, reflecting heightened activity and investor interest in the stock on the BSE.