Gensol Engineering has been in focus on Tuesday. The company has announced a stock split in the ratio of 1:10, bringing the face value of its equity shares down from ₹10 to ₹1 per share.
The announcement came following the revised proceedings of its Extraordinary General Meeting (EGM), held on April 12, 2025. During the meeting, the Chairman presented the resolution regarding the stock split for shareholder approval.
In addition to the stock split, Gensol also proposed a special resolution concerning the issue of securities on a preferential basis to certain members of the promoter group. While the stock split falls under the category of an ordinary resolution, the preferential allotment requires special resolution approval.
The company has stated that the final results of the voting on both resolutions are still pending and will be declared after receiving the report from the appointed Scrutinizer.
Gensol Engineering’s stock has been under considerable pressure in recent weeks. Once trading around ₹796.40 in early January 2025, the share has declined sharply to ₹126.02 on the NSE, on April 15.
On April 15, 2025, Gensol Engineering share price (NSE: GENSOL) opened at ₹126.02, down from its previous close of ₹132.66. At 10:24 AM, the share price of Gensol Engineering was trading at ₹129.90, down by 2.08% on the NSE.
Meanwhile, recently, Gensol Engineering Limited has successfully commissioned a ground-mounted solar power plant in Panchet, Dhanbad district, Jharkhand, under a ₹40 crore EPC contract. Spread across 40 acres, the plant will generate over 15 million units of clean energy annually and includes five years of operations and maintenance (O&M) support.
Despite challenging terrain marked by loose soil, rocks, and mining zones, Gensol used advanced Mounting Structure Systems and high-efficiency PV modules to ensure optimal performance. The project is expected to offset 21,000 metric tonnes of CO₂ emissions annually, reinforcing Jharkhand’s commitment to renewable energy and sustainability.
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The stock split and preferential issue could be key steps in Gensol Engineering’s strategic repositioning. Investors now await the outcome of the voting process to gauge future direction.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 15, 2025, 10:47 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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