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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Gensol Engineering board to consider stock split on March 13
Gensol Engineering on Friday announced that they will be considering and approving a stock split of the company’s shares from a face value of Rs 10 in its upcoming board meeting scheduled on March 13.
“Pursuant to regulation 29 of the SEBI (LODR) Regulation, 2015, notice is hereby given that a meeting of Board of Director of the Company will be held on Thursday, March 13, 2025, inter alia; To consider the proposal for alteration in the share capital of the Company by way of sub-division/ split of the existing Equity Shares of the face value Rs. 10/- each, fully paid-up, in such manner as may be determined by the Board of Directors subject to approval of the shareholders of the Company and any regulatory/ statutory approvals, as may be required under applicable law,” the company said in an exchange filing.
The announcement was made by the company after market closing on Friday.
If the board approves a stock split in the upcoming board meeting, this will be the first instance of Gensol Engineering splitting the shares, according to the Trendlyne data.
Additionally, the company informed that its board will also discuss and approve methods for raising funds through equity shares, foreign currency convertible bonds, or other financial instruments, which will be subject to regulatory and shareholder approvals.
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