<ul><li>Arun Menon, an independent director of Gensol Engineering, has resigned from his position.</li><li>Menon expressed concerns about the rising debt position of the company and had offered assistance to reduce interest costs through debt restructuring.</li><li>SEBI issued an interim order against Gensol Engineering and its promoters, barring them from the securities markets due to fund diversions and instances of fraud.</li><li>Menon previously expressed a desire to resign but had been persuaded to stay until the successful conclusion of the IPO of Matrix Gas & Renewables.</li></ul>

Independent Director Arun Menon quits Gensol Engineering

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