| Purpose | Announcement Date | Bonus Date | Record Date | Bonus Ratio |
|---|---|---|---|---|
| Bonus | 9 Oct 2023 | 17 Oct 2023 | 17 Oct 2023 | 2:1 |
| 2:1 Bonus Issue of Equity Shares Trading Members of the Exchange are hereby informed that, Gensol Engineering Limited has fixed Record Date for the purpose of Bonus Issue of Equity Shares of the Company. The transactions in the Equity Shares of the Company would be on an Ex-Bonus basis with effect from the under mentioned date :- DEMATERIALISED SECURITIES - ROLLING SETTLEMENT SEGMENT COMPANY NAME & CODE Gensol Engineering Limited. (542851) RECORD DATE 17/10/2023 PURPOSE Issue of 2 (Two) Bonus Equity Shares of Rs.10/- each for every 1 (One) existing Equity Share of Rs.10/- each held. Ex-Bonus basis from Date & Sett. No. 17/10/2023 DR-635/2023-2024 (As Per BSE Notice Dated on 16.10.2023) | ||||
A forensic auditor shall be appointed by SEBI to investigate Gensol’s financial records. The said report is expected within a period of six months.
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The transaction comprises two tranches, in which exclusive global IP rights pertaining to Scorpius Trackers advanced solar tracking technology are transferred.
Gensol’s role will cover the complete project lifecycle, including land acquisition, design, engineering, procurement, logistics, and construction.
Gensol Engineering stocks has witnessed a 9.52% dip in the last one year, and 7.5% dip since the beginning of the year.
The companies were chosen as the top bidders in a competitive tender on both technical and commercial grounds.
The project is estimated to be worth ₹164 Crore and is slated for completion within 18 months, aligning with the goals of the National Green Hydrogen Mission.
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The project includes engineering, design, procurement, installation, testing, and commissioning of a solar plant with a fixed tilt module mounting structure and the remaining balance of the system.
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