Genesys International Corporation Ltd

Key Update

• Rights issue of 2,50,74,226 equity shares at ₹50 per share (₹5 face, ₹45 premium) approved.
• Board approved the rights issue on 24 August 2026.
• Basis of allotment finalized with Registrar Bigshare Services Private Limited and approved by BSE.
• Post-rights paid-up capital: 6,68,64,603 shares; ₹33,34,23,015.
• Pre-rights paid-up capital: 4,17,90,377 shares; ₹20,89,51,885.
• Shares rank pari passu with existing equity.

CEO appointment

• Appoints Nikhil Alulkar as Chief Executive Officer; formerly Head - India Business and Sr. VP at Tech Mahindra.
• CEO will lead operations, scaling AI-native mapping and Digital Twin platforms, and expand enterprise and government markets.

Issue overview

• Type: QIP of equity shares.
• Total size and net proceeds: revision/extension observed.
• Main uses: data centre, tech platform, map content, sensors, IT infra, and GCP.

Utilisation and status

• Utilisation not fully per offer document; timeline extended.
• Funds moved between MA and current account, causing comingling.
• Unutilised funds parked in fixed deposits and monitoring account.
• Manpower cost reimbursements within tech platform object; other objects unchanged.
• Management approved extended deployment timeline.

Governance and compliance

• Approvals: CFO approved timeline revision; no shareholder approvals noted.
• Regulatory actions: exchanges fined for SEBI LODR non-compliance.
• Market concerns: share price decline; promoter pledge increased; independent director vacancy.

GCP

• GCP status: no utilisation in the period; allocation categories defined.
• Board-approved GCP allocations include salaries, taxes, admin costs.

Unutilised proceeds deployment

• Unutilised proceeds invested in fixed deposits and monitoring balance.
• No accrued interest parked in fixed deposits as of reporting date.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved.
• Limited Review Report on results enclosed.

Management appointments and role changes

• Nikhil Alulkar appointed CEO and KMP, effective Aug 14, 2026.
• Aniruddha Roy redesignated from CTO to Chief Innovation Officer, effective Aug 14, 2026.
• Dhiman Basu Ray appointed Chief Technology Officer, effective Aug 14, 2026.

Regulatory disclosures and annexures

• Annexures A and B filed detailing results and KMP changes under SEBI LODR.

Meeting Details

• Date: August 14, 2026; Location: registered office; Time not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for Q1 ended June 30, 2026.

Other Notes

• No trading window closure period specified.