Genesys Board Appoints New Statutory Auditors, Approves ESOP Scheme
Genesys appointed G. K. Choksi & Co. as Statutory Auditors for five years. The Board approved the Genesys ESOP Scheme – 2026, with up to 30 lakh options, and adjusted ESOP 2022 with 1.82 lakh new options. XAG & Co. appointed as Internal Auditors. The 44th AGM is on September 30, 2026.
The appointment of new statutory auditors and the introduction of an ESOP scheme are significant corporate governance and employee incentive actions that can have a medium-term impact on the company's operations and stakeholder relations.
The announcement details routine corporate actions like auditor appointments and ESOP schemes, which are standard procedures and do not inherently indicate a positive or negative shift in the company's performance or outlook.
Genesys International Corporation Limited announced key decisions from its Board of Directors meeting held on September 2, 2026. The Board approved the appointment of M/s. G. K. Choksi & Co. as the new Statutory Auditors for a term of five years, commencing from the conclusion of the upcoming 44th Annual General Meeting (AGM). This appointment will replace the current auditors, M/s. MSKA & Associates, whose term concludes at the 44th AGM.
Furthermore, the Board greenlit the "Genesys ESOP Scheme – 2026," subject to shareholder and regulatory approvals. Under this scheme, up to 30,00,000 stock options can be granted to eligible employees. The Board also approved an adjustment to outstanding options from the Genesys ESOP Scheme – 2022, including the grant of 1,82,640 additional stock options to existing holders, as a consequence of the company's rights issue.
In other significant decisions, the Board noted the resignation of M/s. H.C. Vora & Associates as Internal Auditors, effective September 2, 2026. Concurrently, M/s. XAG & Co. have been appointed as the new Internal Auditors for the financial year 2026-27, effective September 2, 2026.
The Board also approved the notice for the 44th AGM, scheduled to be held on Friday, September 30, 2026, at 03:30 PM IST through Video Conferencing. The meeting commenced at 5:13 PM and concluded at 5:40 PM.
A plain-language summary of a public exchange filing by Genesys International Corporation Limited. Read the original for the full detail.