Gensol Engineering Stock Jumps as Promoters Sell 9 Lakh Shares to Reinvest in Business 🚀

Gensol Engineering had an eventful Friday, with multiple announcements shaking up Dalal Street.

🔹 Key Highlights:
✅ Promoters Sold 2.37% Stake (9 Lakh Shares) – Unlocking liquidity for reinvestment.
✅ Reappointment of CFO – Jabirmahendi Aga returns as Chief Financial Officer.
✅ Stock Bounces from 52-Week Low – Rebounded 6.5% to close at ₹327 after hitting ₹307.25 in morning trade.
✅ Board Meeting on March 23, 2025 – Proposal for a 1:10 stock split & fresh equity fundraising to be considered.

🔹 Promoters Reaffirm Commitment

• The company clarified that the liquidity unlocked from the stake sale will be reinvested into the business through equity infusion to strengthen the balance sheet.
• Additionally, promoters will subscribe to warrants on June 18, 2024, using the proceeds or even more, ensuring continued financial support.
• Despite the sale, promoters retain a strong 59.70% stake, highlighting their long-term commitment to Gensol’s growth and the clean energy transition.

📊 With these moves, Gensol Engineering is positioning itself for future expansion and financial stability. Will this boost investor confidence further? Stay tuned!