Sajid Malik, on behalf of the promoter and promoter group of Genesys International Corporation Limited , confirmed that no new encumbrances were created on shares during the financial year 2025-26. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Ltd under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration states that no shares were pledged or otherwise encumbered directly or indirectly, other than those already disclosed.

Encumbrance Status

The filing included a detailed list of promoters and Persons Acting in Concert (PACs), outlining the number of shares pledged or encumbered as of the financial year 2025-26. While the majority of the promoter group holds unencumbered shares, a specific portion of Sajid Siraj Malik's holding remains pledged.

The disclosure was signed by Sajid Malik in his capacity as Promoter, Chairman & Managing Director of Genesys International Corporation Limited. The letter was addressed to the Corporate Relationship Departments of both stock exchanges on April 02, 2026.

Genesys Chief Product Officer Olivier Jouve will retire effective June 30, 2026, and subsequently join the Genesys Board of Managers as the company executes a planned leadership transition. This organizational shift follows a period of significant growth for the company's cloud platform, which reached $2.8 billion in annual recurring revenue in the first fiscal quarter of this year, representing an increase of nearly 35% year over year.

Leadership Transition Details

Glenn Nethercutt, currently chief technology officer, has been promoted to executive vice president and CTO. In this expanded capacity, Nethercutt will assume leadership responsibilities across the company's product and technology organizations. Mike Szilagyi, currently general manager of product management, has been named general manager, senior vice president, and head of product. Szilagyi will report to Nethercutt and lead product strategy, management, marketing, and experience across the Genesys portfolio.

Platform Performance and Strategy

Under Jouve's leadership, Genesys Cloud expanded to serve more than 7,000 organizations worldwide. The platform's architecture was developed with AI at its core, positioning the company in the sector of agentic experience orchestration. Nethercutt, whose tenure with Interactive Intelligence and Genesys spans over 13 years, has been instrumental in the architecture and scale of Genesys Cloud.

Tony Bates, chairman and CEO of Genesys, credited Jouve with establishing the company as a leader in agentic experience orchestration. Bates stated that Jouve's vision and focus on customers created significant value for organizations globally. Nethercutt emphasized the market opportunity for agentic AI to automate and orchestrate customer and employee journeys.