1:4 Bonus Shares: This Solar Company Becomes India’s First PV Module Manufacturer To Receive MCS Certification Under The BSI Kitemark
From Rs 45.70 to Rs 1,610 per share, the stock rocketed over 3,400 per cent in 3 years.
Solex Energy Limited, India’s leading solar brand and a listed company on the National Stock Exchange (NSE) under the stock code SOLEX, has achieved a significant milestone by becoming India's first PV module manufacturer to be certified with the prestigious MCS 005 certificate under the BSI Kitemark, supported by the United Kingdom Accreditation Service (UKAS). This certification is a testament to Solex Energy's unwavering commitment to quality, trust, and delivering the best to its customers across the globe.
The MCS 005 certification is recognized globally and plays a critical role in facilitating market entry into Europe and other key regions, further strengthening Solex Energy’s position as a leader in the solar energy sector. The company’s global factory in Tadkeshwar, Gujarat, has a 1.5 GW production capacity. SOLEX holds key certifications for domestic and international markets and exports to several countries. As a trusted OEM provider, we serve internationally recognised brands. Built upon our core values of consistency, quality and commitment, the company is merely a solar company to become your trusted partner in fulfilling your PV module and EPC requirements.
Additionally, the Board of the Company announced that it will be issuing bonus shares to its shareholders in the ratio of 1:4. This means that for every 4 existing fully paid-up equity shares of Rs 10 each held by the eligible shareholders as of the Record Date, they will receive 1 new fully paid-up equity share of Rs 10 each. The Record Date for bonus shares has been revised to Friday, September 20, 2024.
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Solex Energy Ltd is a renewable energy company specializing in manufacturing solar panels and other related devices, such as solar lanterns, street lights, water pumps, and inverters. Beyond manufacturing, the company offers comprehensive solar solutions to residential, commercial, and governmental clients. Their services include designing, procuring, and constructing solar power plants for both residential and commercial sectors, providing a one-stop solution for those looking to harness solar energy.
On Friday, shares of Solex Energy Ltd gained 0.19 per cent to Rs 1,610 from its previous closing of Rs 1,609.90. The stock’s 52-week high is Rs 1,919.1 and gave multibagger returns of 288 per cent from its 52-week low is Rs 415. From Rs 45.70 to Rs 1,610 per share, the stock rocketed over 3,400 per cent in 3 years.Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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