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Gensol Engineering Ltd is engaged in the business of Solar consulting & EPC.
Gensol Engineering Limited faces an insolvency petition from Indian Renewable Energy Development Agency (IREDA) over defaults on five loan facilities totaling Rs. 510 Cr. Operations have stalled due to a SEBI interim order, leading to legal challenges including loan recalls and invocation of promoters' personal guarantees. The financial impact remains...
Gensol Engineering Limited has disclosed receipt of cautionary letters from the National Stock Exchange of India and BSE regarding non-compliance with disclosure regulations related to an investor meeting intimation. The company acknowledges these letters and commits to improving compliance moving forward. Notably, there is reported to be no material impact...
The pricing of promoter warrants has been clarified at ₹56 per share (₹1 face value), which represents a 113% premium over the current market price of ₹262 per share adjusted for a 10:1 stock split. This strong premium reflects the promoters' confidence in the company’s future growth potential and value...
The issuance of promoter warrants will occur at ₹56 per share (₹1 face value), equivalent to ₹560 per share (₹10 face value), following a 10:1 stock split approved by the Board. This pricing reflects a 213% premium over the current market price of ₹262 per share (adjusted for ₹10 face...
Mr. Ankit Jain has resigned from his position as Chief Financial Officer of Gensol Engineering Limited, citing personal reasons and a desire to explore new career opportunities. His last working day is expected to be March 13, 2025. The company has already communicated his resignation to the stock exchanges and...