Genesis IBRC India Limited has achieved another milestone in its corporate transformation journey by receiving in-principle approval from BSE Limited for its name change to CCME Global Limited. The approval, granted through letter reference number DSC/NC/AC/IP/053/2025-2026 dated March 11, 2026, follows the successful completion of the postal ballot process where shareholders unanimously approved all 11 resolutions including the name change proposal.

BSE In-Principle Approval Details

The exchange granted its approval subject to completion of all formalities and compliance with Regulation 45 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will be required to submit a formal name change application to BSE after receiving ROC approval, along with certified true copy of the shareholder resolution.

Postal Ballot Process and Results

The postal ballot was conducted through remote e-voting facility provided by Central Depository Services (India) Limited from February 4, 2026 at 9:00 a.m. to March 5, 2026 at 5:00 p.m. Mr. Piyush A. Gohel (Membership no. F9068, COP no.: 27451), Practicing Company Secretary from Mumbai, served as the scrutinizer for the entire process.

Corporate Transformation and Business Expansion

The approved resolutions encompass comprehensive changes including the company's strategic pivot from Genesis IBRC India Limited to CCME Global Limited. Shareholders endorsed business expansion into FMCG, commodities, and minerals sectors with an estimated investment of up to INR 3,000.00 lakhs targeting Middle East markets.

Board Leadership Appointments

The postal ballot approved significant board restructuring to support the company's new strategic direction. Ms. Poonam Chaturvedi was appointed as Managing Director and has been instrumental in securing the BSE approval, as evidenced by her signature on the regulatory submission dated March 12, 2026.

Next Steps and Regulatory Compliance

With BSE's in-principle approval secured, the company must now complete ROC formalities before submitting the final name change application to the exchange. BSE has reserved the right to withdraw approval if any information is found incomplete or incorrect. The company maintains full regulatory compliance documentation on its website at www.genesisil.com and CDSL's e-voting platform for stakeholder transparency.

Genesis IBRC India Limited announced its unaudited financial results for the third quarter of FY26, revealing continued operational challenges with a net loss of ₹3.18 lakhs for the quarter ended December 31, 2025.

Financial Performance Overview

The company's Q3FY26 results showed a deterioration in financial performance compared to the previous year. The net loss increased to ₹3.18 lakhs from ₹2.65 lakhs in Q3FY25, representing a widening of losses year-over-year.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, presented a stark contrast to the previous year's performance. Genesis IBRC India Limited reported a net loss of ₹21.46 lakhs for the nine months of FY26, compared to a net profit of ₹352.70 lakhs in the corresponding period of FY25.

Corporate Governance and Compliance

The Board of Directors of Genesis IBRC India Limited convened on February 14, 2026, to review and approve the quarterly financial results. The meeting commenced at 4:00 PM and concluded at 4:30 PM. Managing Director Poonam Chaturvedi (DIN: 05163733) signed off on the results, ensuring compliance with SEBI regulations.

The financial results were prepared in accordance with Indian Accounting Standards (Ind-AS) and reviewed by the company's statutory auditors as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Capital Structure and Earnings Per Share

Genesis IBRC India Limited maintains a consistent capital structure with a paid-up equity share capital of ₹1,300.00 lakhs, comprising shares with a par value of ₹10 each. The earnings per share (EPS) for Q3FY26 stood at negative ₹0.02 (both basic and diluted), compared to negative ₹0.02 in Q3FY25.

The company operates in a single business segment, and the financial results pertain to this unified operational structure. Genesis IBRC India Limited, formerly known as SSK Lifestyles Limited, continues to navigate operational challenges while maintaining regulatory compliance and transparency in financial reporting.