Key Decisions and Approvals

1. Appointment of Statutory Auditors

  • Based on Audit Committee recommendation, the Board approved appointment of M/s. G. K. Choksi & Co., Chartered Accountants (Firm Registration No. 125442W) as Statutory Auditors
  • Appointment subject to shareholder approval at the 44th Annual General Meeting
  • Term: Five consecutive years commencing from conclusion of 44th AGM until conclusion of 49th AGM
  • Replaces existing auditors M/s. MSKA & Associates, whose term expires at conclusion of 44th AGM

2. Approval of Genesys ESOP Scheme – 2026

  • Board approved new Employee Stock Option Scheme "Genesys ESOP Scheme – 2026" based on Nomination and Remuneration Committee recommendation
  • Subject to shareholder approval and regulatory approvals
  • Scheme allows grants to eligible employees of Company and/or its subsidiaries
  • Maximum grant: 30,00,000 (Thirty Lakh) stock options
  • Each option convertible into one equity share of face value ₹5 each
  • Total nominal value: ₹1,50,00,000 (Rupees One Crore Fifty Lakh)

3. ESOP Grant Adjustment Due to Rights Issue

  • Board approved adjustment to outstanding stock options under Genesys ESOP Scheme – 2022
  • Adjustment made consequent to Rights Issue undertaken by the Company
  • Approved grant of 1,82,640 additional stock options to existing eligible option holders
  • Each option convertible into one equity share of face value ₹5 each
  • Exercise price: ₹50 per option

4. Resignation of Internal Auditor

  • Board noted resignation of M/s. H.C. Vora & Associates, Chartered Accountants from position of Internal Auditor
  • Effective date: September 2, 2026
  • Reason: Resignation tendered consequent to proposed appointment of M/s. G.K. Choksi & Co. (firm where resigning partner is associated) as Statutory Auditor, citing auditor independence requirements
  • Previous appointment: Board had appointed them on May 29, 2026 for FY2026-27

5. Appointment of Internal Auditor

  • Based on Audit Committee recommendation, Board appointed M/s. XAG & Co., Chartered Accountants as Internal Auditor
  • Effective date: September 2, 2026
  • Appointment made pursuant to Section 138 of Companies Act, 2013

6. AGM Notice

  • Board approved and adopted Notice convening 44th Annual General Meeting
  • AGM scheduled: Friday, September 30, 2026 at 03:30 PM IST
  • Mode: Video Conferencing / Other Audio-Visual Means

Meeting Details

  • Meeting commenced at 17:13 PM and concluded at 17:40 PM on September 02, 2026

Auditor Profiles

G.K. Choksi & Co.

  • Established in 2004, Mumbai-based
  • Services include Audit & Assurance (statutory, tax, internal audits, due diligence, Ind AS & IFRS compliance), Taxation & Regulatory Services, Business Advisory (M&A, corporate restructuring), and Litigation Support
  • Four partners with expertise in international taxation, mergers and acquisitions, cross-border taxation, transaction structuring, and corporate restructuring

XAG & Co.

  • Mumbai-based professional services firm
  • Led by Mr. Xavier Albuquerque, Chartered Accountant with over 10 years experience
  • Services include statutory audits, tax audits, internal audits, income-tax and GST compliance, financial statement preparation, valuations, and regulatory documentation