Company Update

Genesis IBRC India Limited has clarified that Regulation 32(1) related to disclosure of deviations in fundraising proceeds is not applicable, as the company has not raised any funds through public issue, rights issue, preferential allotment, or QIP.

Therefore, no statement on variation or deviation in utilization of issue proceeds is being submitted.

This update reassures shareholders that there have been no capital raises requiring such disclosures, indicating no external funding activities impacting the company’s financial position recently.