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Gensol Shares At All-Time Low After SEBI Bars Promoters For Alleged Fund Diversions

  • Gensol Engineering Ltd.'s share price fell to an all-time low level on Wednesday as the stock hit the 5% lower circuit limit after SEBI barred the company's promoters for alleged fund diversion and record falsification.
  • SEBI has prohibited the Jaggi brothers from holding any key managerial positions within the company, effectively removing them from their leadership roles.
  • SEBI has directed the appointment of a forensic auditor to thoroughly examine Gensol's books of accounts and those of related parties in order to uncover any further irregularities and ensure transparency in the company's financial dealings.
  • Gensol Engineering share price is trading at an all-time low at Rs 122.68 apiece, representing a 5% decline. The stock split announced by Gensol has also been halted by SEBI, impacting investor sentiment.

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