News Orders & Deals V Varalakshmi Transfers 64.33 Lakh Shares of Genesis IBRC India Limited Through Inter-Se Gift TransferV Varalakshmi Transfers 64.33 Lakh Shares of Genesis IBRC India Limited Through Inter-Se Gift Transfer
V Varalakshmi disclosed the transfer of 64,33,700 equity shares of Genesis IBRC India Limited through an off-market inter-se gift transfer on January 19, 2026. Her shareholding decreased from 61.58% to 12.09%, representing a transfer of 49.49% of the company's total share capital. The transaction was conducted within the promoter group between immediate relatives under SEBI regulatory exemption, with the disclosure filed on January 20, 2026.
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V Varalakshmi has disclosed a significant transfer of equity shares in Genesis IBRC India Limited through an inter-se gift transfer within the promoter group. The transaction involved the transfer of 64,33,700 equity shares on January 19, 2026, representing a substantial change in her shareholding pattern.
Transaction Details
The share transfer was executed through an off-market inter-se transfer by way of gift within the promoter group between immediate relatives. This transaction falls under the exemption provided in Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
| Parameter | Details |
|---|---|
| Transfer Date | January 19, 2026 |
| Number of Shares Transferred | 64,33,700 equity shares |
| Mode of Transfer | Off-market inter-se transfer by way of gift |
| Regulatory Exemption | R. 10(1)(a)(i) of SEBI Takeover Regulations, 2011 |
Shareholding Pattern Changes
The transfer resulted in a dramatic reduction in V Varalakshmi's stake in Genesis IBRC India Limited. Her shareholding decreased from 61.58% to 12.09% of the total share capital.
| Shareholding Details | Before Transfer | After Transfer |
|---|---|---|
| Number of Shares | 80,06,000 | 15,72,300 |
| Percentage Holding | 61.58% | 12.09% |
| Shares Transferred | - | 64,33,700 |
| Transfer Percentage | - | 49.49% |
Company Information
Genesis IBRC India Limited (CIN: L47733AP1992PLC107068) has its shares listed on BSE Limited. The company maintains a paid-up share capital of ₹13,00,00,000 comprising 1,30,00,000 fully paid equity shares of ₹10 each. The total share capital remained unchanged following this inter-se transfer.
Regulatory Compliance
The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. V Varalakshmi filed the necessary documentation with the Department of Corporate Services at Bombay Stock Exchange on January 20, 2026. The transaction being an inter-se transfer through gift between immediate relatives (husband and wife) qualifies for regulatory exemption, and the overall promoter and promoter group shareholding remains unchanged post-transfer.
The disclosure confirms that no encumbrances, voting rights other than shares, or convertible securities were involved in this transaction. All shares transferred were carrying voting rights, and no warrants or other instruments entitling voting rights were part of the arrangement.
Historical Stock Returns for Genesis IBRC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.99% | +14.38% | +10.89% | +185.60% | +387.57% | +1,098.66% |
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