Sajid Malik Acquires 33.65 Lakh Shares in Genesys International via Transmission
Sajid Siraj Malik acquired 33,65,075 equity shares of Genesys International Corporation Limited via transmission from his late mother, Mrs. Saroja Malik. This transaction is exempt from open offer requirements under SEBI SAST Regulations. Post-acquisition, Sajid Malik's holding increased to 10.96% from 2.90%.
The acquisition is a result of share transmission upon death and is exempt from open offer regulations. The overall promoter group holding remains the same, indicating no significant change in control or fundamental business impact for the company.
The announcement pertains to the transmission of shares due to the death of a promoter, which is a procedural event. While there is a change in shareholding percentages, it is within the promoter group and does not represent a new acquisition or a change in control, hence considered neutral.
Sajid Siraj Malik, Promoter of Genesys International Corporation Limited (GICL), has acquired 33,65,075 equity shares of Rs. 5 each from his mother, the late Mrs. Saroja Malik. This acquisition is a result of the transmission of shares following Mrs. Malik's death.
This transaction falls under the exemption provided by Regulation 10(1)(g) of the SEBI SAST Regulations, as it is a transmission of shares among promoters and the promoter group. Consequently, the aggregate holding of the Promoter and Promoter Group remains unchanged.
As per Regulation 10(6) of the SEBI SAST Regulations, this disclosure has been made. Prior to the transaction, Sajid Siraj Malik held 12,13,381 shares (2.90% of total share capital), and Late Mrs. Saroja Siraj Malik held 37,48,033 shares (8.97% of total share capital). Post-transaction, Sajid Siraj Malik's holding has increased to 45,78,456 shares (10.96% of total share capital), while Late Mrs. Saroja Siraj Malik's holding has reduced to 3,82,958 shares (0.92% of total share capital). The disclosure was made on June 16, 2026.
What to do with a filing like this
Genesys International Corporation Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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