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‘Effective Immediately’ Jaggis Not Participating In Management, Says Gensol Engineering

  • Gensol Engineering Ltd. has confirmed that the Jaggis are no longer participating in the management of the company as per SEBI's instructions.
  • SEBI has issued an interim order against Gensol Engineering and its promoters, barring them from holding positions and from the securities markets.
  • The company denies any undisclosed events and is committed to transparency and corporate governance.
  • Gensol Engineering's stock closed 4.99% lower at Rs 123.65 apiece on the BSE.

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