Gensol Engineering announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 12 April 2025.Powered by Capital Market - Live News

The Board of Gensol Engineering at its meeting held on 13 March 2025 has approved the issue of up to 3,57,14,285 convertible warrants to Jasminder Kaur (Promoter) at an issue price of Rs 56 per warrant aggregating to Rs 199.99 crore. Powered by Capital Market - Live News

The Board of Gensol Engineering at its meeting held on 13 March 2025 has approved has approved sub division/split of existing equity share of the Company from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up, into 10 (Ten) equity shares having face value of Rs. 1/- (Rupees One only) each, fully paid-up.Powered by Capital Market - Live News

The Board of Gensol Engineering at its meeting held on 13 March 2025 has approved the proposal to seek enabling authorizations from members via general meeting for the issuance of Foreign Currency Convertible Bonds (FCCBs) /American Depository Receipt / Global Depository Receipt and/or other global listed/unlisted securities up to USD 50 million with options of conversion into equity shares of company. Powered by Capital Market - Live News

Gensol Engineering announced that promoters of the company are reinforcing long-term confidence in Gensol`s vision by infusing Rs. 28.99 crore through the conversion of warrants into equity. In alignment with the promoter group`s unwavering support for the company`s growth trajectory, warrants will be converted into 4,43,934 equity shares at a price of Rs 871 per share. This step reaffirms the promoters` deep-rooted commitment to Gensol`s strategic expansion in renewable energy and electric mobility, ensuring the company is well capitalized.Powered by Capital Market - Live News