Corporate Governance30 May 2026, 09:38 pm
Genesys Intl: Board Reviews ₹4,18,900 Fine for Non-Compliance
AI Summary
Genesys International Corporation Ltd's Board reviewed a notice of non-compliance from BSE and NSE regarding Regulation 17(1) of the Listing Regulations. Both exchanges imposed a fine of ₹4,18,900 each (inclusive of GST) for non-compliance with Board of Directors composition requirements. The Board is seeking an independent director with expertise in Information Technology and GIS, citing the need for a thorough selection process. The company currently has a mix of 6 directors, with half being independent, including a woman director.
Key Highlights
- BSE and NSE fined Genesys International ₹4,18,900 each for non-compliance.
- The non-compliance relates to the composition of the Board of Directors.
- Board seeks an independent director with IT and GIS expertise.
- Current board has 6 members, with 3 independent directors.
- Board reviewed the non-compliance notice in its meeting held on May 29, 2026.
Price Impact
More from GENESYS