Genesys International Corporation Limited has disclosed receiving regulatory fines from both major Indian stock exchanges for non-compliance with SEBI listing regulations. The company received notices from NSE and BSE on February 27, 2026, regarding violations of board composition requirements under SEBI LODR regulations.

Regulatory Action Details

Both stock exchanges imposed identical penalties on the company for regulatory non-compliance. The fines were levied following formal notices citing specific violations of SEBI listing obligations.

Violation Specifics

The regulatory action stems from non-compliance with multiple provisions of SEBI LODR regulations. The violations specifically relate to board composition and governance requirements that listed companies must maintain.

Regulations Violated:

• Regulation 17(1) - Board composition requirements
• Regulation 19(1)/19(2) - Audit committee provisions
• Regulation 20(2)/(2A) - Nomination and remuneration committee requirements
• Regulation 21(2) - Stakeholders relationship committee provisions

The non-compliance situation arose due to a vacancy created by the completion of an independent director's term, affecting the company's ability to meet prescribed board composition norms.

Company's Response

Genesys International emphasized the critical nature of board appointments in its response to the regulatory action. The company highlighted that selecting appropriate board members requires careful evaluation to ensure candidates possess the necessary skills relevant to the industry in which the company operates.

The management stated that a reasonable timeframe is essential to conduct the selection and appointment process effectively and diligently. This approach ensures that new board members can contribute meaningfully to the company's governance and strategic direction.

Financial Impact Assessment

The company has assessed that the regulatory fines will have no material impact on its financial, operational, or other business activities. The penalty amount, while significant from a compliance perspective, is not expected to affect the company's ongoing operations or financial performance in any quantifiable monetary terms.

The disclosure was made pursuant to Regulation 30 of SEBI LODR Regulations, 2015, which mandates listed companies to inform stock exchanges about material events and regulatory actions that could impact investor interests.

Thakkers Group Limited announced its unaudited financial results for the quarter ended December 31, 2025, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's performance showed mixed results with declining revenue but varying profitability trends across different periods.

Financial Performance Overview

The company reported total revenue from operations of ₹204.56 lacs for Q3 FY26, representing a significant decline from ₹614.98 lacs in the previous quarter (Q2 FY26) and ₹490.67 lacs in the corresponding quarter of the previous year (Q3 FY25).

Profitability Analysis

The company's profitability showed significant volatility during Q3 FY26. After posting a net profit of ₹210.50 lacs in Q2 FY26, the company recorded a net loss of ₹179.56 lacs in Q3 FY26. This compares to a net profit of ₹138.11 lacs in the corresponding quarter of the previous year.

The earnings per share (EPS) figures reflected this performance, with basic and diluted EPS both standing at (₹11.34) for Q3 FY26, compared to ₹13.30 in the previous quarter and ₹8.72 in Q3 FY25.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company demonstrated improved performance compared to the corresponding period in the previous year:

Annual Comparison

Comparing with the full year FY25 results, the nine-month performance of FY26 shows the company is on track, though at a slower pace. The full year FY25 recorded total revenue of ₹2245.15 lacs and net profit of ₹783.10 lacs.

Capital Structure

The company's paid-up equity share capital remained stable at ₹158.33 lacs throughout the reported periods. Other equity stood at ₹6107.35 lacs as of December 31, 2025, compared to ₹6286.90 lacs in the previous quarter and ₹5329.37 lacs in the corresponding quarter of the previous year.

The financial results were approved by the Board of Directors in their meeting held on February 12, 2026, in Nashik, and were signed by Director Gaurav Jitendra Thakker (DIN-01587854).