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The company will issue two bonus equity shares for each equity share held.
The bonus issue of equity shares will be subject to shareholders approval through general meeting and any other applicable statutory and regulatory approvals, as may be required.
The bonus shares will be credited within two months from the date of approval of the board i.e. on or before 4 November 2023.
Gensol Engineering is a company that provides engineering, procurement, and construction (EPC) services for solar power plants. They have a team of over 240 employees and specialize in managing international turnkey projects.
On a consolidated basis, the company's net profit rose 2.71% to Rs 10.24 crore on 41.31% increase in net sales to Rs 144.60 crore in Q1 June 2023 over Q1 June 2022.
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