Genus Power Infrastructures Approves Director Appointment and Increased Borrowing Powers Via Postal Ballot
Genus Power Infrastructures Limited announced the successful passage of several resolutions following its Postal Ballot. The results, announced on May 08, 2026, confirmed that the resolutions contained in the Postal Ballot Notice dated February 09, 2026, were duly passed by the shareholders.The e-voting process for the resolutions was concluded on May 07, 2026, with the results announced a day later.
The company’s shareholders approved three key resolutions related to corporate governance and financial structure.
The successful resolutions passed during the postal ballot are detailed below:
| Resolution Objective | Resolution Type | Details |
|---|---|---|
| Appointment of Mr. Nathu Lal Nama (DIN: 10302325) as a Whole-time Director | Ordinary Resolution | Designated as an Executive Director of the Company. |
| Revision in overall borrowing powers of the Company | Special Resolution | Under Section 180(1)(c) of Companies Act, 2013. |
| Creation of securities/mortgage/charge on the assets of the Company | Special Resolution | Under Section 180(1)(a) of Companies Act, 2013. |
GENUSPOWER Stock Price Movement
As of 12:51 PM, Genus Power Infrastructures Limited shares are shedding 0.30% in live trading, currently at ₹331.00. This downward movement is accompanied by robust market activity, with 393,866 shares trading in the live market today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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