Genus Power Infrastructures Limited , a leading provider of smart metering solutions, has taken a significant step towards enhancing employee engagement and retention. The company has announced the formation of the 'Genus Employees Trust' to administer and implement its Employee Stock Option Plan 2019 (ESOP 2019).

Trust Formation and Structure

The company executed a Trust Deed on October 28, 2025, establishing an irrevocable employee welfare trust with an initial corpus of Rs. 10,000.00. This trust is designed to acquire company shares through subscription or secondary market purchases and transfer them to eligible employees under the stock option scheme.

Key Features of the Trust

Purpose and Nature

• To administer and implement the ESOP 2019
• Irrevocable employee welfare trust
• Operates in accordance with SEBI regulations for share-based employee benefits

Trustees

Two trustees have been appointed:

• Udit Agarwal
• Vikalp Sharma

Trust Operations and Restrictions

Authorized Activities

• Hold shares
• Manage funds
• Facilitate employee stock option exercises

Prohibited Activities

• Voting on shares held
• Engaging in derivatives trading

Implications for Employees

This move by Genus Power Infrastructures signifies a commitment to aligning employee interests with company growth. The ESOP scheme, administered through this trust, may provide eligible employees with opportunities for long-term wealth creation tied to the company's performance.

Corporate Governance

The formation of this trust demonstrates Genus Power's adherence to regulatory requirements and commitment to transparent corporate governance practices. By establishing a structured mechanism for ESOP administration, the company aims to ensure fair and efficient management of employee stock options.

The establishment of the Genus Employees Trust marks a strategic move by Genus Power Infrastructures to strengthen its employee retention and motivation strategies. As the smart metering sector continues to evolve, such initiatives may play a crucial role in attracting and retaining talent in a competitive market.

Genus Power Infrastructures , a key player in the power infrastructure sector, has expressed confidence in exceeding its FY26 EBITDA margin guidance of 18-19%, buoyed by a strong order book. The company's Joint Managing Director, Jitendra Kumar Agarwal, shared optimistic projections for the firm's financial performance and growth trajectory.

Revenue Projections and Order Book

Agarwal revealed that Genus Power Infrastructures is poised to surpass its revenue guidance of Rs 4,000.00 crore for the current financial year. The company anticipates an impressive year-on-year revenue growth of 30-40% over the next three years, underlining its strong market position and growth potential.

The robust outlook is supported by Genus Power Infrastructures' substantial order book, which currently stands at approximately Rs 29,000.00 crore. This order book comprises:

• Rs 2,000.00 crore from direct supply orders
• Rs 27,000.00 crore from the Advanced Metering Infrastructure Service Provider (AMISP) business

AMISP Business Breakdown

Within the AMISP segment, which forms a significant portion of the order book, the revenue structure is as follows:

• 80% of revenue flows back under Engineering, Procurement, and Construction (EPC)
• Of this EPC component:
  • 55-60% is allocated for meter supply and installation, to be executed within 2-3 years
  • 40% is designated for Operations and Maintenance, spread over 7-8 years

Addressing Working Capital Concerns

Agarwal addressed concerns about high working capital, explaining that it's a temporary situation due to the company's business model. To manage this, Genus Power Infrastructures has created a funding platform called Gemstar in collaboration with Singapore's GIC.

The Joint MD expressed confidence that the company will achieve positive cash flow by the end of the financial year as projects attain operational efficiency.

Market Performance

Despite the positive outlook shared by the management, Genus Power Infrastructures' shares closed flat at Rs 324.70 on the day of the announcement.

Conclusion

Genus Power Infrastructures' ambitious targets and strong order book position it for potential significant growth in the coming years. The company's confidence in exceeding its EBITDA margin guidance and revenue projections reflects its positive outlook on market demand and its ability to execute large-scale projects efficiently. However, investors will be keenly watching how the company manages its working capital and achieves its projected operational efficiencies to deliver on these promises.