1 week Ago By Samannay Biswas
Gensol Engineering will be in investor focus this week after the company announced a 1:10 stock split, aiming to enhance stock liquidity amid a significant drop in share prices. The move was disclosed in an exchange filing on Saturday, detailing resolutions from the company’s Extraordinary General Meeting (EGM) held on 12 April. The stock split involves a sub-division of equity shares from a face value of ₹10 per share to ₹1 per share.
“The resolutions were placed before the members for approval,” stated the company, which is still awaiting the scrutiniser’s report to finalise the outcome. Additionally, a special resolution to issue securities on a preferential basis to the promoter group was also tabled. Once trading around ₹740 in early February 2025, Gensol’s shares have sharply corrected, closing at ₹133.
20 on the BSE on Friday, hitting the 5 per cent lower circuit. The National Stock Exchange mirrored the same movement, with the stock ending at ₹132.66.
Despite negative sentiment driven by multiple rating downgrades, Gensol continues to reinforce its position in India’s renewable energy space. The company recently commissioned a ground-mounted solar power plant in Panchet, Dhanbad district, Jharkhand, under a ₹40 crore engineering, procurement and construction (EPC) contract. According to Gensol, the project showcases its expertise in delivering complex solar solutions despite geological challenges.
The development is seen as part of the company’s broader mission to lead in India’s solar infrastructure buildout. The stock split, if approved, could attract a wider base of retail investors by making shares more affordable, a strategy often used by mid-cap firms to boost trading volumes and investor interest. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Budget 2025, Companies,Companies, Business Economy and around the world.
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