Small cap renewable energy and electric mobility pioneer, Gensol Engineering Ltd shares are in focus today as the company issued latest update on promoter share sale via its BSE filing. Current market price of Gensol Engineering shares stood at Rs 548.75 per share with intraday gain of 1.12% in a weak market where BSE Sensex declined 285.49% in early morning trade to 75,681.90.
Gensol Engineering shares slipped steeply by 24.36% in last 2-weeks period and fell 57.10% in last 1-year when Sensex declined 9.72% and gained 0.21%. The company has a market capitalisation of Rs 2,080.82 crore. Meanwhile, the return on equity (ROE) stood at 19.97%. Check more details below:
Gensol Engineering Issues Update On Promoter Share Sale
As per the exchange filing of the company dated February 19, 2025, “Gensol Engineering Limited a leading player in the renewable energy and electric mobility sectors, wishes to assure investors) of its financial fundamentals and continued commitment to long-term growth following a strategic share sale by its promoter. This transaction represents less than 1% of the total promoter shareholding.”
The recent sale of 2,15,000 shares by Anmol Singh Jaggi is a strategic step aimed solely at reducing the quantum of pledged shares, thereby reinforcing the company’s financial stability. This transaction will significantly reduce the promoter’s pledge and move the company toward its goal of becoming pledge-free. The shares have been sold to reputed long-term investors.”
Promoters collectively own 2.38 crore shares which represent 62.5% of the company shareholding, demonstrating their long-term commitment to the business, added the exchange filing.
Commenting on the development, Mr. Anmol Singh Jaggi, Chairman and Managing Director of Gensol Engineering Limited, stated, “”The decision to sell a portion of my shareholding is driven by our commitment to make Gensol a pledge-free company. The pledged shares primarily served as collateral for long-term debt for our EV leasing business and Loan Against Shares. This transaction will partially repay our LAS lenders and reduce our pledge levels. All proceeds from this share sale are being directed toward the reduction of pledged shares. We remain steadfast in our growth plans and confident in our long-term value creation for all stakeholders.”
Shareholding
It is worth mentioning FII/FPI have decreased holdings from 2.30% to 0.63% for December 2024 quarter. Number of FII/FPI investors decreased from 19 to 15 for December 2024 quarter. Institutional Investors have decreased holdings from 2.30% to 2.00% for December 2024 quarter, according to Trendlyne.
Gensol Engineering Stock Performance & Return
The 52-week high price of Gensol Engineering shares on BSE is Rs 1377.10 apiece (as on 20/02/2024) and 52-week low price is Rs 524.15 apiece (as on 17/10/2025), respectively. Gensol Engineering shares slipped 40.86% in last 6-months, gained over 71% in last 2-years, and delivered returns of 533.74% in last 3-years. In last 5-years, Gensol Engineering shares delivered highest returns of 2540.07%.
Gensol Engineering Bonus Issue In 2023
The company earlier in 2023 announced 2:1 bonus issue and declared October 17 as the record date for bonus issue. It also declared bonus shares in 2021. The company never recommended dividend and stock split.
About
Established in 2012, Gensol Engineering Limited is a leading renewable energy company specializing in solar power EPC services and electric mobility solutions. With a track record of over 770 MW solar projects and an advanced EV manufacturing facility in Pune, Gensol continues to drive innovation and contribute to India’s energy transition.
Disclaimer: The story highlights promoter share sale and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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