Corporate News     13-Sep-23
Board of Gensol Engineering approves allotment of shares and NCDs
At meeting held on 13 September 2023
The Board of Gensol Engineering at its meeting held on 13 September 2023 has approved the allotment of 4,05,383 equity shares of face value of Rs 10 each at an issue price of Rs 1480.08 per equity share (including a premium of Rs 1470.08 per share) to non-promoter. Consequently, the paid up equity share capital of the company stands increased to Rs 12,62,42,990/- comprising of 1,26,24,299 equity shares of face value of Rs.10/- each.

The Board also approved allotment of 2937 fully paid non-convertible debenture (NCD) having face value of Rs 1 lakh per NCD which was previously issued partly paid up at Re 1 per NCD on 07 March 2023.

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