Genus Prime Infra allots 5,07,76,631 shares to Genus Power holders on demerger
Genus Power Infrastructures · Electrical Equipment
Key highlights
- Scheme approved by NCLT, Allahabad Bench, by order dated April 24, 2025, involving demerger of the Strategic Investment Business
- On April 10, 2026, Genus Prime Infra's board approved allotment of 5,07,76,631 fully paid equity shares of ₹2 each to Genus Power shareholders as on February 6, 2026
- Genus Prime Infra will apply for listing of these shares on BSE Ltd.; shares will rank pari passu with its existing equity shares
Why it's rated notable: The Board of Genus Prime Infra Limited approved allotment of 5,07,76,631 shares to Genus Power shareholders under the demerger of the Strategic Investment Business, but the filing states no value for the demerged undertaking, so the level stays at medium.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Update - Allotment Of Equity Shares By Genus Prime Infra Limited (The 'Resulting Company') To The Shareholders Of Genus Power Infrastructures Ltd. (The 'Company') Pursuant To The Scheme Of Arrangement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.