Genesys Appoints New Statutory Auditors, Approves ESOP Scheme & AGM Date
Genesys appointed G. K. Choksi & Co. as Statutory Auditors for five years and XAG & Co. as Internal Auditors. The "Genesys ESOP Scheme – 2026" was approved, with up to 30 lakh options. An adjustment to ESOP 2022 granted 1,82,640 additional options. The 44th AGM is on September 30, 2026.
The appointment of new auditors and the introduction of an ESOP scheme are significant corporate governance and employee incentive actions. The AGM date is also a key event for shareholders. These developments have a moderate impact on the company's operations and stakeholder relations.
The announcement details routine corporate actions such as auditor changes and ESOP scheme approvals, which are standard procedures and do not inherently signal a positive or negative shift in the company's performance or outlook.
Genesys International Corporation Limited announced the outcome of its Board Meeting held on September 02, 2026. The Board approved the appointment of M/s. G. K. Choksi & Co., Chartered Accountants, as the new Statutory Auditors for a term of five years, succeeding M/s. MSKA & Associates. This appointment is subject to shareholder approval.
The Board also approved the introduction of the "Genesys ESOP Scheme – 2026", proposing to grant up to 30,00,000 stock options to eligible employees. Additionally, adjustments were made to the Genesys ESOP Scheme – 2022, with the grant of 1,82,640 additional stock options to existing eligible option holders, following the company's Rights Issue.
Furthermore, the Board noted the resignation of M/s. H.C. Vora & Associates as Internal Auditors and approved the appointment of M/s. XAG & Co., Chartered Accountants, as the new Internal Auditors, effective September 2, 2026.
The 44th Annual General Meeting (AGM) of the Company has been scheduled for Friday, September 30, 2026, at 03:30 P.M. IST, to be conducted through Video Conferencing / Other Audio-Visual Means. The meeting of the Board of Directors commenced at 5:13 p.m. and concluded at 5:40 p.m.
A plain-language summary of a public exchange filing by Genesys International Corporation Limited. Read the original for the full detail.