Gensol Engineering Limited announced a private placement to issue 10,334,059 convertible warrants Face value of INR 10 at issue price INR 217.75 for a gross proceeds of INR 2,250,241,347.25 on February 6, 2024. The warrants are issued on a Preferential basis. The transaction is subject to the approval of regulatory / statutory authorities and the shareholders of the Company.

The warrants have a total price of INR 871, of which the company will receive 25% of the total amount as upfront payment at the time of allotment of warrants and the remaining 75% will be paid upon exercise of warrants. Each warrant is exercisable to acquire one equity share of the company, at an exercise price of INR 653.25 per share for a period of 18 months from the date of closing. Jasminder Kaur for 15,25,000 warrants, Greek Venture Corporation for 50,000 warrants, Tano Investment Opportunities Fund for 5,00,000 warrants, Maurvi Associates Private Limited for 1,00,000 warrants, Meenakshi for 1,00,000 warrants, Maurvi Ventures Private Limited for 1,00,000 warrants, warrants, Swati Goel for 25,000 warrants, Intuitive Alpha Investment Fund PccCell for 5,00,000 warrants, warrants, Sharda Subhashchandra Bhat for 40,000 warrants, Rahul R. Mahajan for 20,000 warrants,Santosh Mishra for 25,000 warrants, Suniyojit Merchants Pvt.

Ltd. for 30,000 warrants, Aries Opportunities Fund Limited for 5,50,000 warrants, Tushar Aggarwal for 25,000 warrants,Algoquant Fintech Limited for 50,000 warrants,Dayavati Real Estate Private Limited for 50,000 warrants,Avinash Agarwal for 10,000 warrants,Ruchi Gupta- for 25,000 warrants,Lns Infotech- for 50,000 warrants,Ava Paisa Growth Private Limited- for 50,000 warrants, Arun Garg- for 25,000 warrants, Shruti Malhotra- for 20,000 warrants,Rajesh Narayan Dhamejani- for 20,000 warrants,Ridhansha- for 5,700 warrants,Ritesh Dalmia (Huf)- for 9,000 warrants,Santosh Ahuja- for 5,000 warrants,Sachin Jain- for 5,700 warrants, Je Impex Dmcc- for 1,00,000 warrants,Narendra Kumar Daga- for 22,800 warrants, Elara India Opportunities Fund Limited- for 7,50,000 warrants, Coeus Global Opportunities Fund- for 5,00,000 warrants, Vivek Mahavir Jain- for 20,700 warrants, Anant Aggarwal- for 54,000 warrants,Sneha Bhandari- for 50,000 warrants,Swati Garg- for 20,000 warrants,Praveen Gupta- for 2,00,000 warrants, Nakshatra Stressed Assets Fund- for 50,000 warrants,Aarson Investments- for 90,000 warrants, Ajay Kumar Agrawal- for 45,000 warrants,Amit Goyal- for 36,000 warrants, Asha Singhania- for 20,000 warrants, 4Brijesh Thakkar- for 45,000 warrants,Deepak Agarwal- for 20,000 warrants, Deepak Kumar Agrawal- for 36,000 warrants,Dorite Tracon Private Limited- for 55,000 warrants,Five Star Investments- for 60,000 warrants,Kedar Agrawal- for 20,000 warrants, Krishna J Pahlajani- for 20,000 warrants,Kushal Vaswani- for 30,000 warrants,Manas Chadha- for 27,000 warrants, 5Manish Agrawal- for 15,000 warrants, 5Mata Laxmi Nursing Home And Investigation Centre Private Limited- for 20,000 warrants,Shantidevi Maniklal Nathani- for 54,000 warrants, Narantak Dealcomm Limited- for 1,00,000 warrants,Neeraj Pahlajani- for 25,000 warrants,Nikita Doshi- for 15,000 warrants,Penguin Trading & Agencies Ltd- for 1,15,000 warrants,Pinky Raheja- for 60,000 warrants,Prateek Kothari- for 30,000 warrants,Gaurav Agrawal- for 40,000 warrants, 6Sameer Pahlajani (Huf)- for 25,000 warrants, 6Saurabh Agrawal- for 36,000 warrants,Sequent Seedling Llp- for 20,000 warrants, Subham Buildwell Private Limited- for 1,00,000 warrants,Smc Credits Limited- for 20,000 warrants,Statistical Edge Investors Private Limited- for 20,000 warrants,Subham Capital Private Limited- for 55,000 warrants,Touchstone Services Private Limited- for 36,000 warrants,Vikasa India Eif I FundShare Class P- for 35,000 warrants, Vinay Singhania- for 24,000 warrants, Yashwant Vaswani- for 30,000 warrants, Aliya Bhabha- for 15,000 warrants, Ashutosh Sharma- for 15,000 warrants,Ayesha Bhabha- for 15,000 warrants, Bharti Garg- for 30,000 warrants,Chinoy Family Education And Welfare Trust- for 30,000 warrants,Chirag B Sheth- for 15,000 warrants, Ganesh Dass Gupta- for 50,000 warrants, Gaurav Sunilkumar Ratnaparkhi- for 15,000 warrants, 80 Gunja Amrutiya- for 15,000 warrants, 8Kanhaiya Lal Rathi- for 15,000 warrants, Kankaria Vidhi Mahendrakumar- for 27,000 warrants,Kirti Rungta- for 30,000 warrants,Kunal Kailash Parekh- for 20,000 warrants,Mayur Navin Savla- for 15,000 warrants, Meghraj Logisales Private Limited- for 15,000 warrants, Meher Distilleries Private Limited- for 20,000 warrants,Monika Garware- for 3,00,000 warrants,Mukesh Kumar- for 15,000 warrants,Nalin Vrajlal Shah- for 30,000 warrants, 9Navin Mahavirprsad Dalmia- for 70,000 warrants, Nitika Garg- for 25,000 warrants,Nvs Brokerage Private Limited- for 60,000 warrants,Pallavi Urvish Vora- for 25,000 warrants,Piyush Khajanchi- for 15,000 warrants, 96 Punit B Gandhi- for 15,000 warrants, Rajiv Bharat Desai- for 15,000 warrants,Rushabh Babulal Gandhi- for 20,000 warrants,Sambhavi Sinha- for 15,000 warrants,Sejal Mayur Satra- for 15,000 warrants, Sonali Dilip- for 15,000 warrants, South Seas Distilleries And Breweries Private Limited- for 15,000 warrants,Thakor Jagatsinh Gandaji- for 15,000 warrants,Viraf Kaikhushroo Chinoy- for 30,000 warrants, Viral Pravinkumar Parekh- for 20,000 warrants,Vyas Family Llp- for 20,000 warrants, Mukesh Jain Huf- for 15,000 warrants,Tailor Dhaval M- for 23,000 warrants, Akilandeswari S- for 15,000 warrants, Anju Vaid- for 10,000 warrants, L Balamanikandan- for 7,500 Balkrishan Poddar- for 10,000 warrants,Divya Gupta- for 40,000 warrants, Levim Capital Investments- for 10,000 warrants, Manish Mardia- for 7,500 warrants, Manoj Devidas Kulchandani- for 7,500 warrants,Mihir K Thaker- for 25,000 warrants,Roopa Garg- for 25,000 warrants,Shanmuganathan Karuppiah- for 7,500 warrants, Trina Devang Vyas- for 20,000 warrants, R Sathya Kumar- for 10,000 warrants,Raghav Investment Private Limited- for 20,000 warrants, Seven Alpha Investors Private Limited- for 20,000 warrants,Shree Shyam Investments- for 10,000 warrants,Anoop Prakash Sharma- for 7,500D Prakash Devi- for 1,00,000 warrants,L Dharmichand Singhvi- for 1,00,000 warrants, Ramesh Kumar Jain- for 10,000 warrants, Sheetal Hemanth- for 5,000 warrants,Vinod Kumar Jain- for 7,500 warrants, Vm Finserve And Asset Management- for 10,000 warrants,Anuj Premkumar Agarwal- for 77,784 133 Dilip Deshlahara- for 1,15,000 warrants,Harit Exports Private Limited- for 1,15,000 warrants,Prabhudas Lilladher Advisory Services Private Limited- for 40,000 warrants, Rajesh Ramswaroop Agrawal- for 30,92warrants, Rashi Fincorp Limited- for 77,784 138 Sanjay Ramavtar Goenka- for 51,915 warrants, Sunil Raidani- for 50,000 warrants,Tusk Investments Limited- for 23,673 warrants, Vishal Nitin Sampat- for 1,15,000 warrants.