Genus Power opens Rs 148.20 crore buyback at Rs 312 a share

Genus Power Infrastructures Limited has opened a tender buyback of up to 47.5 lakh shares at Rs 312 each, capped at Rs 148.20 crore, from November 4 to November 11, 2026. Genus Power's indicative entitlement is one share per 25 held for small shareholders, versus one per 42 for other eligible holders.

What are the terms of Genus Power's buyback?

Genus Power is offering to buy back up to 47.5 lakh fully paid-up equity shares, each with a face value of Rs 1, at Rs 312 per share in cash. The maximum amount allocated to the programme is Rs 148.20 crore. The company is conducting the transaction through the tender-offer route using the stock-exchange mechanism under the Securities and Exchange Board of India (SEBI) Buy-Back of Securities Regulations, 2018, as amended.

The offer is on a proportionate basis for shareholders who held Genus Power shares on the record date of Friday, October 30, 2026. The cap of 47.5 lakh shares, the Rs 148.20 crore maximum outlay and the fixed Rs 312 cash price set the disclosed terms of the offer. The filing states that the buyback is being undertaken under the Companies Act, 2013, and applicable SEBI buyback regulations.

Genus Power submitted its Letter of Offer dated November 2, 2026 to SEBI and the stock exchanges on that date. The company published a November 2 public announcement on November 3 regarding dispatch of the Letter of Offer, Tender Form and share transfer form. The filing directs shareholders to the Letter of Offer for the detailed schedule and entitlement provisions.

When can Genus Power shareholders tender their shares?

Genus Power's buyback opened on Wednesday, November 4, 2026 and closes on Wednesday, November 11, 2026. The final date for the registrar to receive completed tender forms and other specified documents is also November 11, 2026, by 5:00 p.m. Indian Standard Time. The disclosed tender period therefore runs between those two November dates.

Eligibility is tied to holdings on October 30, rather than to shares acquired during the November 4 to November 11 tender period. Genus Power said it electronically dispatched the Letter of Offer and Tender Form on Monday, November 2, 2026 to eligible shareholders whose email addresses were registered with the company or depositories. Holders without registered email addresses are to receive the Letter of Offer by physical courier.

The filing also states that an eligible shareholder may request a physical copy of the Letter of Offer under Regulation 9(ii) of the buyback regulations. Genus Power said such a request would result in courier dispatch. For holders submitting completed tender forms or other specified documents, the registrar's stated receipt cut-off is 5:00 p.m. on November 11, 2026.

What is Genus Power's entitlement for small shareholders?

Genus Power's indicative entitlement for the reserved category of small shareholders is one equity share for every 25 equity shares held on October 30, 2026. Its actual entitlement percentage for that category is 4.12153943%. This exceeds the general-category indication of one share for every 42 shares, whose actual percentage is 2.41374957%.

The reserved-category entitlement is 1.70778986 percentage points above the entitlement for all other eligible shareholders. Genus Power describes both printed ratios as approximate and indicative. The company cautions that calculations based on the one-in-25 and one-in-42 ratios may produce slightly different results because of rounding.

The percentage-based calculation may also not match precisely the entitlement printed on an individual Tender Form because of rounding of the factor, Genus Power said. For the formal ratio methodology, the company refers shareholders to paragraph 21.6 on page 45 of the Letter of Offer. The stated entitlement ratios do not establish the number of shares that will ultimately be accepted under the tender offer.

How can shareholders check Genus Power buyback entitlement?

Genus Power says eligible shareholders can check their entitlement through registrar Niche Technologies Private Limited's buyback website at nichetechpl.com/buyback. They must select Genus Power, choose either demat or physical holding, enter the relevant folio number or depository client identification details, enter the security code and submit the request. The entitlement appears in the pre-filled Form of Acceptance-cum-Acknowledgement.

For electronic holdings, the listed inputs include a National Securities Depository Limited depository participant identification and client ID, or a Central Depository Services Limited client ID. For physical holdings, the stated input is the folio number. This allows holders to view the entitlement associated with their own record-date holding instead of relying only on the indicative one-in-25 or one-in-42 ratios.

The Letter of Offer is available on Genus Power's website, the registrar's website, IIFL Capital Services Limited's website, SEBI's website and the BSE and National Stock Exchange websites. Niche Technologies is the registrar to the offer and lists investor-service telephone numbers of (033) 22806616, 22806617 and 22806618. IIFL Capital Services is the manager to the offer and lists genus.buyback@iiflcap.com as its email address.

Conclusion

Genus Power's tender offer permits the company to buy up to 47.5 lakh shares at Rs 312 each, within a Rs 148.20 crore ceiling. Eligible holders are divided between a reserved small-shareholder category with a 4.12153943% actual entitlement and the general category with a 2.41374957% entitlement, while the company notes that rounding can affect an individual Tender Form.

The next disclosed milestone is the buyback close on November 11, 2026. Completed tender forms and specified documents are due to the registrar by 5:00 p.m. Indian Standard Time that day, while the Letter of Offer dated November 2, 2026 contains the full activity schedule, tender procedures and entitlement methodology.