Genus Power Approves Buyback of 47.5 Lakh Equity Shares

Genus Power Infrastructures Ltd's board of directors has approved a buyback of 47,50,000 equity shares, representing approximately 2.15% of the total paid-up share capital. The buyback will be conducted on a proportionate basis through the 'Tender Offer' route, with a record date set for October 30, 2026. The aggregate consideration for the buyback will not exceed 25% of the company's fully paid-up share capital and free reserves as per the audited financial statements for the year ended March 31, 2026. Promoters and the promoter group have expressed their intention not to participate in the buyback. The buyback is in compliance with the Companies Act, 2013, and SEBI (Buy-Back of Securities) Regulations, 2018.