Grameva has informed that Maneesha Singh(Acquier I), Jagsakti Merchandise (Acquirer II) & Ros Advisory ( Acquier III) completed Open Offer on April 16, 2026. The intent to reclassify Genesis Trade-Links from promoter to public was disclosed in Letter of Offer dated March 16, 2026, pursuant to its letter dated February 4, 2026. The proposed entity complies with Reg 31A(3)(b), including no holding above 10% voting rights, no control or special rights, no Board/ KMP representation for 3 years, and is neither a wilful defaulter nor a fugitive economic offender. The company also complies with Reg 31A(3)(c). Accordingly, Genesis Trade-Links Pvt Ltd stands reclassified as public and the accquirers are classified as Promoter/Promoter Group with immediate effect under Reg 31A(10).
The above information is a part of company’s filings submitted to BSE.
