Gensol Engineering's share price fell by 5% for the second consecutive day after being barred by SEBI for alleged fund diversion and record falsification.
The company's promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, have been prohibited from holding any key managerial positions within the company.
Gensol Engineering's Independent Director, Arun Menon, has tendered his resignation, and the company's announced stock split has been halted by SEBI.
The decline in share price and regulatory actions have impacted investor sentiment.