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Rights Issue26 Jun 2026, 12:20 pm

Genesys International Approves Rights Issue Up to ₹13,930 Lakhs

AI Summary

Genesys International Corporation Limited's Board of Directors, in a meeting held on June 26, 2026, approved the issuance of equity shares worth up to ₹13,930 Lakhs through a Rights Issue. The issue is open to eligible shareholders as of a subsequently determined record date. The Board also approved the formation of a Rights Issue Committee to manage the process, including determining the issue price, entitlement ratio, and timing. This move aims to raise capital in accordance with applicable SEBI regulations and the Companies Act.

Key Highlights

  • Board approved Rights Issue of equity shares up to ₹13,930 Lakhs.
  • Issue is open to eligible shareholders on a record date to be announced.
  • A Rights Issue Committee has been formed to oversee the process.
  • Specific terms like issue price and ratio to be decided by the Board/Committee.