Gensol Engineering Limited has issued an addendum to its clarification on promoter warrant pricing, confirming that the warrants are priced at ₹56 per share of ₹1 face value. Adjusting for the approved 10:1 stock split, this equates to ₹560 per share of ₹10 face value. The company clarified that this pricing represents a 113% premium over the current market price of ₹262 per share (adjusted for the face value of ₹10), reinforcing the promoters’ confidence in Gensol’s future growth and value creation. The company reiterated its commitment to transparency and addressed any confusion regarding valuation.
This announcement comes at a time when Gensol Engineering’s share price has seen a significant decline over the past five trading sessions. The stock has dropped 15.27% in the last five days, falling from levels above ₹310 to the current market price of ₹262.25 as of March 13, 2025. The most notable decline occurred on March 11, when the stock saw a sharp correction, slipping below the ₹280 mark. The downtrend continued on March 12 and March 13, with the stock falling further to ₹262.25.
