Gensol Engineering Limited has informed the Exchange regarding voting results of Extraordinary General Meeting under Regulation 44
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Gensol Engineering held an Extraordinary General Meeting on April 12, 2025, where shareholders voted on two key resolutions, both passing with overwhelming majority. Resolution 1 (Ordinary) was a stock split, sub-dividing each equity share from a face value of Rs. 10 to Rs. 1 per share — approved with 99.98% of votes in favour (13,940,900 shares for, 3,228 against). Resolution 2 (Special) was the issue of securities on a preferential basis to members of the promoter group — approved with 99.998% of votes in favour (13,943,824 shares for, just 304 against). Voting was conducted entirely via remote e-voting, with about 37% of total outstanding shares (13.94 lakh out of 38 lakh shares) participating. Promoters and promoter group, who were interested parties in both resolutions, voted fully in favour with all 12.87 lakh of their shares.
For shareholders: the stock split (Rs. 10 to Rs. 1) will increase the number of shares held tenfold while proportionally reducing the per-share price, typically improving liquidity and retail affordability. The preferential issue to the promoter group signals potential further dilution for existing public shareholders but also indicates the promoters' commitment to infusing capital into the company.