Gensol Engineering Limited — Dividend/Bonus, 13-03-2025: Stock split

Gensol Engineering Limited has approved plans for a preferential issue of up to 3,57,14,285 warrants to a promoter group member at an issue price of Rs. 56 per warrant, aggregating up to Rs. 200 Crore. The warrants can be converted into equity shares within 18 months. Additionally, the company will undergo a stock split, converting 1 share of Rs. 10 into 10 shares of Rs. 1 each, enhancing liquidity and affordability for investors. The record date for this split will be determined post-shareholder approval. Mr. Rajesh Jain has resigned as an Independent Director, effective immediately.