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Gensol Engineering: Compilation of Red Flags and Corporate Governance Issues

A thread
https://x.com/BeatTheStreet10/status/1898021663784210640

🗞 Beat The Street Bulletin 🗞
Date: 6-Mar-2025

TG: [https://t.me/BeatTheStreet10]

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📦 Order Wins

- INOX INDIA: Secured ₹190 Cr orders in Jan-Feb 2025, including a major European university order for transferlines and smaller orders for cryogenic equipment across Europe, the USA, and India.

- RAILTEL: Wins ₹292 Cr order.

- BEL: Wins ₹577 Cr order for airborne electronic warfare products, composite communication systems, etc.

- RITES: Wins ₹27.9 Cr order for High-Speed Rail Corridor survey.

- KALPATARU PROJECTS: Wins ₹2,306 Cr order in Transmission & Distribution and Building projects.

- RVNL: Wins ₹156.5 Cr order for EPC contract between Rayadurga and Topavagada.

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📈 Acquisitions

- Dhanlaxmi Crop Science: Acquires intellectual property of 42 seed products from Janki Seeds & Research Pvt. Ltd. for ₹1.44 crore.

- JAY BHARAT MARUTI: Acquires 10% stake (25 lakh shares) in JBM Ogihara Die-Tech for ₹3.13 Cr.

- PDS: Incorporates subsidiary 'Tritron Fashion FZCO' in the UAE.

- QUALITY POWER: Acquires 51% stake in Mehru Electrical & Mechanical Engineers for ₹120 crore.

- INFIBEAM AVENUES: Divests 49% stake in Pirimid Technologies to subsidiary Rediff.com India Ltd. for up to ₹27 Cr.

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👔 Leadership Changes

- BRITANNIA IND: Executive Director and CEO, Mr. Rajneet Singh Kohli, resigns on 5th March 2025.

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🚀 New Projects

- TCPL PACKAGING: Inaugurates a new greenfield facility in Chennai to boost paperboard carton production.

- DR AGARWAL: Opens a new center in Jayalakshmipuram, Mysore, marking its third in the city.

- BRIGADE ENT: Launches Brigade Altius in Chennai with revenue potential of ₹1,700 Crores.

- OMAXE LTD: Receives RERA registrations for two commercial projects, “New Singapore” and “Clarkee,” in Faridabad.

- K & R RAIL ENGINEERING: Signs MoU with Indian Port Rail & Ropeway Corporation Ltd. for major railway, road, highway, and port projects.

- AXISCADES: Mistral and Altera Forge form a strategic alliance to transform aerospace and defense computing.

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📋 Miscellaneous

- NDR AUTO: Received a letter from the Relan Family regarding a Family Settlement; no impact on management, control, or promoter shareholding.

- HEXAWARE: Partners with San Francisco Unicorns in Major League Cricket to support fan engagement through 2026.

- SUNDRAM MULTI: Shareholders approved the sale of non-operational industrial land in Nagpur.

- THOMAS COOK: Reveals strong growth from India’s women travelers in their 2025 report.

- NESTLE INDIA: Nespresso opens its first boutique in India at Select Citywalk Mall, New Delhi.

- Mastek: Joins the UK CrownCommercial Service’s Digital Capability for Health 2 (DCfH 2) Framework.

- GREAVES COTTON: Enters Battery Swapping, partnering with Indofast Energy to improve last-mile mobility.

- FERMENTA BIOTECH: Plant-based Vitamin D3 named “Innovation of the Year.”

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🤝 Collaborations

- BHARAT FORGE: Signs a tech licensing deal with Compal Electronics to manufacture X86 servers in India.

- HEXAWARE: Partners with San Francisco Unicorns in Major League Cricket.

- K & R RAIL ENGINEERING: Signs MoU with Indian Port Rail & Ropeway Corporation Ltd. for railway, road, and port projects.

- Biocon: Partners with Civica to supply Insulin Aspart for the U.S. market.

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💊 FDA-related (USFDA, etc.)

- ASTRAZENECA: Receives CDSCO permission to import Lokelma for treating hyperkalaemia in adults in India.

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💰 Fundraising

- LAKSHAYA POWERTECH: Bags ₹5 Cr order (potentially linked to fundraising).

- Laurus Labs: Approves ₹833 crore investment in KRKA Pharma JV.

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⚖️ Legal Matters

- SANDUR MANGANESE: Receives demand notice of ₹262.62 crore under Income-tax Act, 1961, for AY 2023-24.

- TILAKNAGAR IND: Stay granted in the case regarding exclusive use of the Mansion House brand.

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