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Capital Boosted Through NCLT Scheme Approval
Genus Prime Infra Limited's board has approved the allotment of shares that significantly alters its capital structure. The company will issue ₹180.00 crore in 9% cumulative non-convertible redeemable preference shares and ₹58.80 crore in zero-coupon redeemable preference shares. These allotments are part of a Scheme of Arrangement sanctioned by the National Company Law Tribunal (NCLT) on April 24, 2025.
Share Allotment Details
The board met on April 10, 2026, to approve the allotment of shares as part of the Scheme of Arrangement. Under this scheme:
- 5,07,76,631 equity shares (face value ₹2) were allotted to shareholders of Genus Power Infrastructures Limited (GPIL).
- 1,22,74,139 equity shares (face value ₹2) were allotted to shareholders of Yajur Commodities Limited (YCL).
- Additionally, 4,88,000 Zero Coupon Redeemable Preference Shares (face value ₹100) and 18,00,000 9% Cumulative Non-Convertible Redeemable Preference Shares (face value ₹100) were allotted to YCL shareholders.
Following these allotments, Genus Prime Infra's total issued equity share capital is ₹15.60 crore, zero coupon redeemable preference share capital is ₹58.80 crore, and 9% cumulative non-convertible redeemable preference share capital is ₹180.00 crore.
Strategic Significance of the Restructuring
This significant increase in issued and paid-up capital stems from a broader restructuring effort to consolidate various entities and operations under Genus Prime Infra. The aim is to streamline the group's overall structure.
The newly allotted equity shares have received approval for listing on the stock exchange, which is expected to enhance the company's liquidity and market access. The preference shares, however, will remain unlisted.
Group Structure and Background
Genus Prime Infra Limited operates in India's infrastructure and real estate sectors. Its related entity, Genus Power Infrastructures Limited, focuses on metering solutions and engineering, construction, and contracts. Yajur Commodities Limited is primarily involved in coal trading.
The current capital adjustments are the result of an NCLT-sanctioned Scheme of Arrangement from April 24, 2025. This complex process involved amalgamating subsidiaries like Sansar Infrastructure, Star Vanijya, and Sunima Trading, merging Yajur Commodities with Genus Prime Infra, and demerging the 'Strategic Investment Division' from Genus Power Infrastructures Limited into Genus Prime Infra. This consolidation is designed to streamline operations and potentially unlock shareholder value.
Impact on Shareholders and Market Listing
Shareholders of Genus Power Infrastructures Limited and Yajur Commodities Limited will receive new equity and preference shares in Genus Prime Infra based on the approved ratios. The newly allotted equity shares are slated for listing on the BSE, which should improve their tradability and market value. In contrast, preference shares allotted to YCL shareholders will not be listed, limiting their immediate liquidity. As part of the merger, inter-se shareholding held by Genus Prime Infra and its subsidiaries in Yajur Commodities Limited will be cancelled.
Key Financial Metrics
- Total Issued Equity Share Capital (Post-Allotment): ₹15.60 crore (FY26)
- Zero Coupon Redeemable Preference Share Capital: ₹58.80 crore (FY26)
- 9% Cumulative Non-Convertible Redeemable Preference Share Capital: ₹180.00 crore (FY26)
Future Focus
Investors will be watching for the formal listing of Genus Prime Infra's new equity shares on the BSE. Future financial performance and the successful integration of the merged businesses under the restructured entity will also be key areas of interest. Additionally, any further strategic initiatives or disclosures concerning the group's consolidated operations will be closely monitored.