Meeting Details

  • Meeting Type: Postal Ballot (Remote E-voting only)
  • Cut-off Date for Shareholder Eligibility: Friday, June 19, 2026
  • E-voting Commencement: Wednesday, July 01, 2026 at 9:00 a.m. IST
  • E-voting Conclusion: Thursday, July 30, 2026 at 5:00 p.m. IST
  • Resolution Deemed Passed: On the last date of e-voting (July 30, 2026) if approved by requisite majority

Proposed Resolution and Implications

Item No. 1: Appointment of Mr. Sandeep Jain (DIN: 11696540) as Independent Director

  • Resolution Type: Special Resolution
  • Appointment Term: One year from May 02, 2026 to May 01, 2027 (both days inclusive)
  • Not liable to retire by rotation
  • Previously appointed as Additional Director by Board on May 02, 2026 under Section 161 of Companies Act, 2013
  • Remuneration: Board meeting fees, reimbursement of expenses, and profit-related commission within Section 197 limits

Voting Process and Methods

  • Voting Method: Remote e-voting only (no physical polling)
  • E-voting Agency: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: M/s. ARMS & Associates LLP (Mr. Sandeep Jain - FCS 5398, CP 4151; alternate Ms. Lata Gyanmalani - FCS 10106, CP 9774)
  • Shareholders must vote electronically through CDSL's platform
  • Votes once cast cannot be changed subsequently

Key Voting Outcomes

Note: Voting results are not yet available as the e-voting period is scheduled for July 1-30, 2026.

  • Results will be announced within two working days after e-voting conclusion
  • Results will be displayed on company website (www.genuspower.com) and CDSL website (www.evotingindia.com)
  • Simultaneous communication to BSE, NSE, NSDL, and CDSL

Scrutinizer's Role and Findings

The Scrutinizer (M/s. ARMS & Associates LLP) will:

  • Conduct the postal ballot through remote e-voting process
  • Scrutinize votes cast in a fair and transparent manner
  • Submit report to the Chairman after completion of scrutiny
  • Make final determination on validity of postal ballots
  • Verify board resolutions/authority letters for non-individual shareholders

Compliance with Laws and Regulations

The notice confirms compliance with:

  • Sections 108 and 110 of Companies Act, 2013
  • Rule 20 and Rule 22 of Companies (Management and Administration) Rules, 2014
  • MCA General Circular Nos. 14/2020, 17/2020, and 03/2025
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard on General Meetings (SS-2)
  • SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020

Director Qualifications and Background

Mr. Sandeep Jain (DIN: 11696540, Age: 62)

  • Qualifications: Bachelor of Arts and LLB from University of Allahabad
  • Experience: 35-year career in Indian Revenue Service (1989 Batch), retired as Director General (Legal and Research)
  • Key positions: Deputy Commissioner, Commissioner (Appeals), Principal CIT (Central)
  • Expertise: Legal adjudication, tax administration, investigation, policy formulation
  • Deputation roles: Executive Director of Textile Export Promotion Council, Competition Commission of India
  • Shareholding in Company: Nil
  • Other Directorships: None
  • Relationship with other Directors/KMP: None

Statutory Disclosures Received

The company has received all required disclosures from Mr. Jain including:

  • Consent to act as director (Form DIR-2)
  • Non-disqualification declaration (Form DIR-8)
  • Independence declaration under Section 149(6)
  • SEBI non-debarment confirmation
  • Registration with Independent Directors data bank
  • Confirmation of no material transactions with company

Additional Information

  • Document available on company website: www.genuspower.com
  • Draft letter of appointment available for electronic inspection by members
  • No director or KMP is interested in the resolution except to extent of their shareholding
  • Registrar and Transfer Agent: M/s. Niche Technologies Private Limited, Kolkata
  • Company CIN: L51909UP1992PLC051997