Genus Power Infrastructures Limited has announced a strategic acquisition to strengthen its position in the power infrastructure sector. The company signed a Share Purchase Agreement on January 20, 2026, to acquire an additional 86.49% equity stake in Newlectric Innovation Private Limited (NIPL) for ₹25.23 crores.

Acquisition Details

The transaction involves acquiring 34,36,717 equity shares representing 86.49% of NIPL's equity share capital. Genus Power already holds 13.51% of NIPL's equity shares, and upon completion of this cash transaction, NIPL will become a wholly-owned subsidiary.

Target Company Profile

Newlectric Innovation Private Limited, incorporated on November 29, 2021, operates in the manufacturing of smart electricity meters within the power infrastructure and distribution industry. The company has a paid-up equity share capital of ₹3.97 crores as of March 31, 2025.

Financial Performance Overview

NIPL's revenue performance over the past three years shows significant variation:

Strategic Rationale

The acquisition aligns with Genus Power's strategic objectives and is expected to deliver multiple operational benefits:

• Operational Consolidation: Integration of operations to enhance overall efficiency
• Capacity Optimization: Better utilization of production capacity across the combined entity
• Scalability: Positioning to scale up production capacity in response to current order book and future business growth
• Market Positioning: Strengthening presence in the smart electricity meter manufacturing segment

Transaction Structure

The acquisition has been structured as a related party transaction conducted on an arm's length basis. No governmental or regulatory approvals are required for completing this transaction. The deal is expected to be finalized within 30 days of the agreement signing.

This strategic move reinforces Genus Power's commitment to expanding its capabilities in the power infrastructure sector while consolidating its market position through vertical integration of smart metering solutions.

Genus Power Infrastructures Limited has notified stock exchanges regarding a structural change in its joint statutory auditor firm. The company disclosed this development in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Auditor Firm Conversion Details

The joint statutory auditor M S K A & Associates, Chartered Accountants has converted itself into a Limited Liability Partnership (LLP) structure under the provisions of the Limited Liability Partnership Act, 2008. The conversion became effective from January 13, 2026.

Continuity of Audit Services

The auditing firm has confirmed that it will continue to function and discharge its obligations as joint statutory auditor for the remaining period of its appointment tenure. This conversion does not affect the ongoing audit responsibilities or the firm's relationship with Genus Power Infrastructures.

Regulatory Compliance

The company received formal intimation from the auditor firm through a letter dated January 14, 2026. Genus Power Infrastructures has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India about this structural change. The notification was signed by Puran Singh Rathore, Joint Company Secretary & Compliance Officer, on January 15, 2026.

Communication Timeline

The auditor firm M S K A & Associates LLP, through partner Vinod Gupta, formally communicated the conversion to the company's management. The firm specifically requested that an intimation be sent to the stock exchanges regarding this structural change, which the company has promptly executed in accordance with listing regulations.