Gensol Engineering Limited — Others, 13-02-2025: Monitoring Agency Report

Gensol Engineering Limited has submitted the Monitoring Agency Report for the quarter ended December 31, 2024, reflecting the utilization of proceeds from its recent Preferential Issue of Convertible Warrants. The total revised issue size stands at ₹538.6 crore due to undersubscription. The report indicates no deviation from the objectives outlined in the offer document, highlighting that all funds are being utilized as disclosed. This update reassures investors regarding the effective deployment of capital, potentially bolstering confidence in the company's financial management and near-term growth prospects.