Genesys International promoter Sajid Malik acquires 33.65 lakh shares via transmission

What Genesys International announced

On 16 June 2026, Genesys International Corporation Ltd (BSE: 506109) disclosed that its promoter, Mr. Sajid Siraj Malik, had acquired 33,65,075 equity shares of Rs 5 each from his mother, the late Mrs. Saroja Siraj Malik. The acquisition was effected through transmission of shares following her death and was reported to both BSE and NSE on 17 June 2026.

"I, Sajid Siraj Malik, promoter of Genesys International Corporation Limited, hereby inform that I have acquired 33,65,075 equity shares of Rs. 5 each from my mother, Late Mrs. Saroja Malik…" – excerpt from the disclosure letter.

The filing states that the transaction does not alter the aggregate holding of the promoter group, as the shares simply moved within the promoter family.

Details of the transmission

• Acquirer: Mr. Sajid Siraj Malik (promoter).
• Transferor: Late Mrs. Saroja Siraj Malik (promoter, deceased).
• Number of shares transferred: 33,65,075.
• Pre‑transaction holding of Sajid Malik: 12,13,381 shares (2.90% of total share capital).
• Post‑transaction holding of Sajid Malik: 45,78,456 shares (10.96% of total share capital).
• Pre‑transaction holding of the late promoter: 37,48,033 shares (8.97%).
• Post‑transaction holding of the late promoter’s estate: 3,82,958 shares (0.92%).

The share price at which the transmission occurred is not disclosed, as the transfer is a non‑commercial transmission under the SEBI regulations.

Regulatory framework and exemption

The disclosure was made under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 (SAST Regulations). The filing specifically cites Regulation 10(1)(g) as the basis for exemption from the mandatory open‑offer requirement. This clause exempts transactions that constitute a transmission of shares among promoters or members of the promoter group, provided the aggregate promoter holding does not increase.

Key regulatory points:

• The transaction is a transmission rather than a purchase, triggered by the death of a promoter.
• Since the total promoter group holding remains unchanged, the company is not required to make an open offer to other shareholders.
• No separate disclosure under Regulation 10(5) was required, as the filing notes “Not applicable” for that provision.

Key facts at a glance

Why this matters for investors

The transaction does not dilute the share capital nor alter the overall promoter group’s influence, as the shares simply moved from one promoter to another within the same family. Consequently, there is no immediate impact on voting power distribution among non‑promoter shareholders. However, the increase in Mr. Malik’s individual stake to nearly 11% may be relevant for investors monitoring promoter concentration and potential future strategic decisions.

Because the transfer is exempt from an open‑offer, no cash outflow is required from the company, and the market does not need to accommodate a large share purchase. The filing satisfies SEBI’s transparency requirements, ensuring that the market is aware of the change in shareholding composition.

Conclusion

Genesys International has formally disclosed that promoter Sajid Siraj Malik received 33.65 lakh shares from his late mother, raising his individual holding to 10.96% of the company. The transaction is treated as a promoter‑to‑promoter transmission, exempt from an open‑offer under SEBI Regulation 10(1)(g), and therefore does not affect the aggregate promoter group’s shareholding. The filing was made on 16 June 2026 and lodged with the exchanges on 17 June 2026, completing the regulatory requirement.