V Varalakshmi Acquires 7.37 Lakh Shares in Genesis IBRC India Limited, Promoter Group Holding Rises to 74.17%

V Varalakshmi has completed a significant acquisition of equity shares in Genesis IBRC India Limited, substantially increasing the promoter group's stake in the company. The transaction, executed through an off-market Share Purchase Agreement (SPA), involves the acquisition of 7,36,500 equity shares and was disclosed under SEBI's regulatory framework for substantial acquisitions.

Transaction Details

The share acquisition was completed on January 7, 2026, with both V Varalakshmi and Padmanaban Krishnamoorthy (acting as persons in concert) acquiring identical quantities of shares. The transaction details are presented below:

Parameter	V Varalakshmi	Padmanaban Krishnamoorthy
Shares Acquired	7,36,500	7,36,500
Acquisition Percentage	5.67%	5.67%
Transaction Mode	Off-Market SPA	Off-Market SPA
Transaction Date	January 7, 2026	January 7, 2026

Shareholding Pattern Changes

The acquisition has resulted in a substantial increase in the promoter group's collective holding in Genesis IBRC India Limited. The shareholding pattern before and after the transaction shows significant changes:

Shareholder	Before Acquisition	After Acquisition	Change
V Varalakshmi	72,69,500 shares (55.92%)	80,06,000 shares (61.58%)	+5.67%
Padmanaban Krishnamoorthy	9,00,200 shares (6.92%)	16,36,700 shares (12.59%)	+5.67%
Combined Holding	81,69,700 shares (62.84%)	96,42,700 shares (74.17%)	+11.34%

Company Structure and Compliance

Genesis IBRC India Limited, incorporated with CIN L47733AP1992PLC107068, maintains its equity structure unchanged following this transaction. The company's capital structure remains:

Paid-up Share Capital: ₹13,00,00,000.00
Total Equity Shares: 1,30,00,000 fully paid shares
Face Value: ₹10.00 per share
Stock Exchange Listing: BSE Limited

The disclosure was filed on January 9, 2026, in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2013. The transaction involved no encumbrances, voting rights other than shares, or convertible securities.

Regulatory Framework

This acquisition falls under SEBI's substantial acquisition regulations, requiring mandatory disclosure when shareholding crosses specific thresholds. The promoter group's increased stake of 74.17% represents a significant consolidation of control in Genesis IBRC India Limited. Both acquirers belong to the promoter group, and the transaction was executed through a private arrangement rather than open market purchases.

The shares were transferred on January 7 and 8, 2026, with consideration paid to the existing promoters on January 7, 2026, completing the off-market transaction as per the executed Share Purchase Agreement.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.78%	+6.03%	-14.81%	+284.78%	+415.17%	+1,106.43%

Genesis IBRC India Limited has reported a significant acquisition of equity shares by its promoter group, with the transaction disclosed under SEBI's substantial acquisition regulations. The acquisition involves 14,73,000 equity shares acquired through an off-market transaction, substantially increasing the promoter group's stake in the company.

Transaction Details

The acquisition was executed through a Share Purchase Agreement (SPA) on January 7, 2026, involving two promoter group members acting in concert. The transaction details are presented below:

Parameter	Details
Total Shares Acquired	14,73,000 equity shares
Acquisition Method	Off-market through SPA
Transaction Date	January 7, 2026
Transfer Completion	January 7-8, 2026
Disclosure Date	January 9, 2026

Shareholding Changes

The acquisition resulted in significant changes to the promoter group's shareholding pattern. Before the transaction, the combined holding of the promoter group stood at 81,69,700 shares representing 62.84% of the total share capital.

Shareholder	Shares Acquired	Percentage Acquired
V Varalakshmi	7,36,500	5.67%
Padmanaban Krishnamoorthy	7,36,500	5.67%
Total Acquisition	14,73,000	11.34%

Following the acquisition, the updated shareholding structure shows V Varalakshmi holding 80,06,000 shares (61.58%) and Padmanaban Krishnamoorthy holding 16,36,700 shares (12.59%), bringing their combined stake to 96,42,700 shares representing 74.17% of the company's total share capital.

Company Share Capital Structure

Genesis IBRC India Limited maintains a stable share capital structure throughout the transaction period. The company's paid-up share capital remains at ₹13.00 crores, comprising 1,30,00,000 fully paid equity shares with a face value of ₹10.00 each. The total diluted share capital also remains unchanged at the same level, indicating no outstanding convertible securities or warrants.

Regulatory Compliance

The disclosure was filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2013. The transaction was reported to the Bombay Stock Exchange, where Genesis IBRC India Limited's shares are listed. The acquirers confirmed their status as promoter group members, with no encumbrances, voting rights other than shares, or convertible instruments involved in the transaction.

The substantial acquisition strengthens the promoter group's control over Genesis IBRC India Limited, with their combined shareholding now representing nearly three-quarters of the company's total equity capital.