Sebi Barred Gensol Promoters Anmol Singh Jaggi and Puneet Singh Jaggi of Securities Markets until more orders are in a case of deviation and governance of governance.
Gensol Engineering fell further to reach another lower circuit on Thursday when Sebi prohibited the company with the promoters of the stock market.
The market regulator prohibited the promoters from Anmol Singh Jaggi and Puneet Singh Jaggi from the stock markets until they are more orders in a case of diversion of funds and governance.
In addition, Sebi ordered Gensol to stop in the division of shares announced by him.
The shares quoted ₹ 116.54, 5 percent less in the NSE. In the EEB, 4.97 percent collapsed to ₹ 117.50.
On Thursday, the company clarified the exchanges: “In compliance with Sebi’s instructions in the interim order, Anmol Singh Jaggi and Puneet Singh Jaggi (company promoters) have restricted the position of a key position of Manare in Gensol, however, a mane male, to a key, a key as a key.
“As indicated in the interim order, Sebi will designate a forensic auditor to thoroughly examine the company’s account books and its related entities,” he added
On Wednesday, said Arun Menon’s resignation as independent director of the Wef company on April 15, 2025.
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Posted on April 17, 2025
