Genus Power Infrastructures Limited , a leading provider of smart metering solutions, has taken significant steps towards enhancing employee engagement through its stock-based compensation programs. The company recently announced a share allotment under its Employee Stock Appreciation Rights Plan and has established a comprehensive trust structure for employee benefits.

Recent Share Allotment Under ESAR Plan

On December 16, 2025, the company allotted 1,06,187 equity shares of face value Re. 1 each pursuant to the exercise of Employee Stock Appreciation Rights (ESAR) granted under the Employees Stock Appreciation Rights Plan 2019 (ESARP 2019).

Updated Share Capital Structure

Following the share allotment, the company's capital structure has been revised:

Employee Trust Formation

The company has also established the 'Genus Employees Trust' to administer its Employee Stock Option Plan 2019 (ESOP 2019). The trust was formed through a Trust Deed executed on October 28, 2025, with an initial corpus of Rs. 10,000.00.

Trust Structure and Operations

The trust is authorized to hold shares, manage funds, and facilitate employee stock option exercises while being prohibited from voting on shares held and engaging in derivatives trading.

Strategic Employee Engagement

These developments demonstrate Genus Power's comprehensive approach to employee engagement through multiple stock-based compensation mechanisms. The ESAR plan allows employees to benefit from share price appreciation, while the ESOP trust provides a structured framework for long-term equity participation.

The establishment of both the trust structure and the recent share allotment under the ESAR plan reflects the company's commitment to aligning employee interests with shareholder value creation in the evolving smart metering sector.

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.