Gensol Welcomes New Leadership: Popli & Naqvi Appointed To Board; Check Details Here

Gensol Engineering Limited, a company in the portfolio of stock market veteran investor Mukul Agarwal, has informed the stock market that it has appointed Kuljit Popli, who has worked with IREDA, as an independent director and Ali Imran Naqvi as an executive director. Gensol Engineering Limited has informed the stock market that two new veterans have been given the command of the company as an independent director and executive director.
The officers appointed as independent director and executive director of Gensol Engineering are industry veterans. Popli has more than 40 years of experience in the energy sector, while Naqvi, who has previously worked as the CEO of Gensol Engineering Limited's solar EPC business, has 14 years of professional experience. Popli has worked in IREDA from 2014 to 2019.

Gensol Engineering is a leading company in India's EV and solar business. Gensol Engineering Limited is a small-cap company in the renewable energy business whose market cap is Rs 3680 crore.

On Monday, during the volatile trading of the stock market, the shares of Gensol Engineering Limited were registering a good rise and touched the level of Rs 984. The 52-week high of the shares of Gensol Engineering Limited is Rs 1376 while the 52-week low is Rs 436. The shares of Gensol Engineering have given a return of 10 per cent to the investors in the last 5 days while in the last 6 months, it has given a return of about 30 per cent.
The stock of Gensol Engineering has made investors rich by giving a bumper return of 1823 per cent in the last 2 years.

Veteran stock market investor Mukul Agarwal holds a 1.51 per cent stake in Gensol Engineering Limited and owns 5.70 lakh shares of the company.

Recently, Gensol Engineering has announced that the company has received in-principle approval for the issue of warrants. Gensol Engineering said they have received the approval for the issuance of 10,185,059 equity shares at Rs 10 each, linked to the conversion of warrants issued on a preferential basis. This approval aligns with Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company outlined several conditions that must be met, including the filing of the listing application post-allotment, obtaining statutory approvals, and ensuring compliance with applicable regulations and guidelines from authorities such as SEBI, RBI, and MCA.

Established in 2012, Gensol Engineering Limited, a part of the Gensol group, provides engineering, procurement, and construction (EPC) services for solar power plants globally. The company tackles international turnkey projects and has a proven track record exceeding 770 MW of installed solar capacity across ground-mounted and rooftop installations. Gensol is committed to sustainability and is revolutionizing the Indian EV industry by not only setting up a cutting-edge manufacturing facility for electric three-wheelers and four-wheelers in Pune, but also offering comprehensive leasing solutions for a variety of customer segments including passenger, fleet, and cargo needs.