Gensol Engineering Limited (GENSOL) addressed a news report titled "BluSmart CEO, other top execs quit firm" from Financial Express dated 26 Mar 25. Responding to exchange queries, Gensol confirmed ongoing communication with Refex Mobility regarding a strategic tie-up involving the takeover of Gensol's 2,997 Electric Vehicles (EVs). The company stated that information regarding this matter had been previously disclosed to the exchange on 16 Jan 25 and 26 Mar 25. Gensol denied any undisclosed information that could explain trading movements and stated that the news article has no material impact. The company also confirmed no regulatory or legal proceedings related to the news.