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Gensol Engineering Share Price Locked In Lower Circuit For Second Consecutive Day; Stock Hit Fresh Record Lows

  • 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.

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