Gensol Engineering Limited — Important, 21-10-2024: General Updates

Gensol Engineering Limited has fully acquired Innogrid Energy Private Limited by subscribing to 10,000 equity shares for a total investment of Rs. 1,00,000. Consequently, Innogrid will become a wholly-owned subsidiary. The acquisition aims to enable Gensol to engage in the generation and distribution of various forms of power, including renewable energy. Innogrid is newly incorporated and currently lacks market presence and turnover data.