Gensol Engineering Limited — Others, 26-03-2025: News Verification

Gensol Engineering Limited has clarified recent media reports regarding the resignation of BluSmart’s CEO and other executives. The company confirms ongoing discussions with Refex Mobility about acquiring 2,997 electric vehicles in a strategic partnership. Gensol asserts that there are no undisclosed materials impacting trading, and no regulatory or legal proceedings are associated with this news. This transparency may enhance investor confidence, suggesting a positive outlook for Gensol's strategic initiatives amid potential volatility linked to executive changes at BluSmart.