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Gensol Engineering shares tank further on SEBI crackdown

  • Promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, have been barred by SEBI from securities markets until further orders due to fund diversion and governance lapses.
  • SEBI has also directed Gensol to suspend the stock split announced by the company.
  • Gensol Engineering's stock traded at ₹116.54, a decline of 5% on the NSE, and 4.97% to ₹117.50 on the BSE.
  • SEBI will appoint a forensic auditor to thoroughly examine the books of accounts of Gensol and its related entities, as per the interim order.

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