Genesys: Sajid Malik acquires 33.65 lakh shares via transmission

Sajid Siraj Malik, a promoter of Genesys International Corporation Ltd, has acquired 33,65,075 equity shares from his late mother, Mrs. Saroja Siraj Malik, also a promoter, through transmission upon her demise. This transaction is exempt under Regulation 10(1)(g) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it constitutes a transmission of shares amongst the promoter group. The company clarified that the aggregate holding of the promoter and promoter group remains unchanged post-transaction. Sajid Siraj Malik's individual shareholding increased from 2.90% (12,13,381 shares) to 10.96% (45,78,456 shares) as a result of this acquisition.