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During Thursday’s trading session, shares of a company involved in the renewable energy sector hit a 5 percent upper circuit on the stock exchanges. Despite this temporary surge, the stock has been in a prolonged downtrend, falling steeply from Rs. 1,125 to nearly Rs. 60 per share.
With IREDA now filing for bankruptcy proceedings against the company, investors are left wondering—should you hold on to this green energy stock or consider exiting your position?
With a market capitalisation of Rs. 240 crores, the shares of Gensol Engineering Limited, engaged in the business of solar consulting, EPC, and leasing of electric vehicles (EVs), hit a 5 percent upper circuit at Rs. 63.14 on BSE, as against its previous closing…
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KARACHI: The Board of Directors of SME Leasing Limited (PSX: SLL) has formally approved a comprehensive Winding Down Plan for the company, aimed at facilitating an orderly exit from operations, according to a stock exchange filing on Wednesday.
The plan, which includes multiple structural changes, was also endorsed by the Board of SME Bank Limited, its parent company, during a board meeting held on May 6, 2025.
Subsequently, SME Bank issued a formal letter to the Securities and Exchange Commission of Pakistan (SECP) on May 13, requesting a deferment of the liquidation proceedings already initiated against SME Leasing. The SECP had earlier commenced steps toward a winding-up order under regulatory provisions.
As per details disclosed…
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Hydrogen electrolyser maker McPhy heading for liquidation after failing to find a buyer Hydrogen Insight
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Financial experts leading the liquidation of the Pencil Club hope to generate close to R80 million through the sale of its assets.
The premier social networking club in uMhlanga entered liquidation proceedings after falling into financial difficulty.
Businesspeople, law firms and auditing companies were just some of the elite members in the club.
The company handling the liquidation process, Manci Knoop Financial Services, stated that they were assessing the scale of the organisation’s debts. However, they believe about R80 million will be generated from the sale of the assets.
A general circular addressed to creditors and clients, which The Mercury has seen, provided information on the process being undertaken.
A few months ago, The Mercury…
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Zorzi fight over unpaid sale debt The West Australian
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What really happens during insolvency? DW
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In a filing with the exchanges, IREDA stated: “This is to inform you that the Company (IREDA) has filed an application today, i.e. 14 May 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s Gensol Engineering Limited… for an amount of default of INR 510,00,52,672/-,” the filing read.
