Genesis IBRC India Limited has undertaken a comprehensive restructuring of its board composition and leadership team, as announced following a board meeting held on January 19, 2026. The changes reflect significant organizational transformation involving new appointments, resignations, and committee reconstitution.

New Director Appointments

The board approved several key appointments based on recommendations from the Nomination and Remuneration Committee. The company appointed three additional directors who will hold office until the next Annual General Meeting:

Subject to shareholder approval, the board also appointed two independent directors for five-year terms and designated Ms. Poonam Chaturvedi as Managing Director for one year.

Director Resignations

Four directors resigned from their positions, all citing changes in management, control through open offer, and other professional commitments as reasons for their departure:

Key Managerial Personnel Changes

The company witnessed significant changes in its key managerial positions. Mr. CHDVV Prasad Rao resigned as Chief Financial Officer, while the board approved the appointment of Mr. Ravindranath Rajaram as the new Chief Financial Officer, both changes effective January 19, 2026.

Committee Reconstitution

Following the board changes, the company reconstituted its key committees. Mr. Ashok Chhaganbhai Patel was appointed as Chairperson of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. The committees now comprise the newly appointed directors in various capacities.

Proposed Name Change

The board approved a proposal to change the company name to CCME Global Limited, CCME International Limited, CCME Worldwide Limited, or any other name approved by the Ministry of Corporate Affairs. This change is subject to shareholder approval and other necessary regulatory clearances. The company plans to apply to BSE Limited under Regulation 45 of SEBI Listing Regulations for in-principle approval once MCA and shareholder approvals are obtained.

These comprehensive changes indicate a significant transformation in the company's leadership structure and strategic direction, with new management taking charge of operations and governance.

Genesis IBRC India Limited has announced a significant promoter shareholding restructuring through an inter-se transfer transaction. The company received formal intimation on January 10, 2026, regarding the proposed acquisition of equity shares between promoter group members.

Transaction Details

The proposed transaction involves the transfer of substantial equity holdings within the promoter family. Key transaction parameters are outlined below:

Regulatory Compliance

The transaction has been structured to comply with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer qualifies for exemption under Regulation 10(1)(a)(i) as it involves an inter-se transfer through gift between immediate relatives. Since the transaction is structured as a gift between husband and wife, no monetary consideration is involved.

Padmanaban Krishnamoorthy has submitted the required prior intimation under Regulation 10(5) to both the Bombay Stock Exchange and the company's board of directors. The disclosure confirms compliance with all applicable requirements under Chapter V of the Takeover Regulations.

Shareholding Impact

The proposed transaction will result in a significant redistribution of shareholding within the promoter group while maintaining the overall promoter group stake:

Company Information

Genesis IBRC India Limited operates under CIN L47733AP1992PLC107068 and is listed on the Bombay Stock Exchange with scrip code 514336. The company's registered office is located at Flat No. 401, VVN Residency, 40-A, Ashok Nagar, Andhra Pradesh - 534 002.

The transaction represents a strategic restructuring within the promoter family while ensuring continued compliance with regulatory requirements. The overall promoter group shareholding remains unchanged at 74.17%, maintaining the existing control structure of the company.