Gensol Share Price Locked in 5% Lower Circuit After CFO Resignation

On March 12, 2025, Gensol share price locked in a 5% lower circuit, reaching a day low of ₹275.45 at 09:45 AM after opening at ₹275.45. The fall in Gensol share price came after the company announced that its Chief Financial Officer (CFO) and Key Managerial Personnel, Mr Ankit Jain has tendered his resignation.

“The company further stated that Mr Ankit Jain is resigning for personal reasons and intends to explore other career opportunities. It also confirms that there are no additional significant factors behind his decision to resign”

Gensol Share Price Performance

Over the last 10 trading sessions, Gensol share price has continued the falling streak, whereby the shares have touched lower circuit limits several times. The share price of Gensol Engineering has come down from a high of ₹584.45 on February 24, 2025, to a low of ₹275.45 on March 12, 2025.

Gensol Q3FY25 Operating Performance

In the Solar EPC sector in India, the company successfully secured two significant projects from major public sector undertakings (PSUs), winning large-scale EPC and O&M contracts valued at ₹1,061.97 crores and ₹967.98 crores for solar PV projects at Gujarat’s Khavda RE Solar Park. Additionally, the company clinched an important EPC and O&M contract worth ₹897.47 crores for a grid-connected Solar PV project at the GSECL Solar Park in Gujarat.

In the EV Manufacturing segment, the company showcased its electric vehicles, Ezio and Ezibot, at the Global Auto Expo in New Delhi in January 2024. These affordable and smart urban-mobility-focused electric vehicles, proudly “Made in India,” were designed with an emphasis on urban fleet and cargo needs, while also catering to the urban passenger segment. Their design, size, weight, and range were carefully engineered to address the specific demands of city commuting.

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