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SEBI INVESTIGATION GENSOL
Sebi confirms Gensol fraud, finds promoters diverted funds, falsified recordsSecurities and Exchange Board of India (Sebi) on Monday passed a confirmatory order against Gensol Engineering and its promoter-directors A...- Sebi confirms ban on Gensol, Jaggi brothers in fund diversion caseThe regulator said Jaggi brothers, also cofounders of EV ride-hailing firm BluSmart Mobikity, would continue to be debarred from holding th...
- MCA, Sebi discuss probe into Gensol EngineeringSebi chairman Tuhin Kanta Pandey and corporate affairs secretary Deepti Gaur Mukerjee convened to address ongoing investigations into Genso...
- NFRA probes Gensol's audit books after Sebi flags fraud, ICAI review underwayIndia’s audit regulator, NFRA, has launched a preliminary inquiry into Gensol Engineering’s books after SEBI flagged fraud allegations. The...
- Gensol CFO resigns, days after exit of promotersIn his resignation letter, available on stock exchanges, Aga said Gensol Engineering is currently facing significant challenges, with multi...
- Gensol Engineering shares hit 5% upper circuit for 4th day amid ongoing turmoilGensol Engineering's shares have surprisingly rallied despite facing significant regulatory and financial turmoil. The surge occurs amidst ...
- ED shares Gensol probe findings with Delhi PoliceEnforcement Directorate shared findings of its FEMA probe against Gensol Engineering promoters with Delhi Police EOW. The agency indicated ...
- Gensol Engineering shares in focus after founders Anmol and Puneet Singh Jaggi resignGensol Engineering’s top executives Anmol and Puneet Jaggi resigned following Sebi’s interim order over alleged fund diversion and corporat...
- Gensol founders Anmol Singh Jaggi and Puneet Singh Jaggi resignGensol Engineering's Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi have resigned, effective May 12, follow...
- Gensol Engineering shares slide 5%, extending 20-day rout after SAT denies interim reliefGensol Engineering shares remain under pressure after the SAT denied interim relief against Sebi’s market access ban over alleged fund dive...
- MCA orders probe into Gensol, BluSmart for corporate governance violationsAt the centre of the controversy is the alleged misutilisation of term loans availed by Gensol Engineering from state-run Indian Renewable ...
- Gensol Engineering shares hit 5% lower circuit as ED raids Ahmedabad, Gurgaon offices over FEMA probeGensol Engineering shares: The agency also issued directives under the Foreign Exchange Management Act (FEMA) and the Income Tax Act, 1961,...
- IREDA says Gensol promoters diluted equity without lender approval, files EoW complaintIREDA has accused Gensol Engineering's promoters of breaching their contract by diluting shareholding without lender approval and filed a c...
- ICAI to review financial statements of crisis-hit Gensol Engg, BluSmart MobilityICAI will scrutinize the financial statements of Gensol Engineering and BluSmart Mobility for fiscal year 2023-24, prompted by concerns ove...
- Gensol Engineering promoters' stake more than halves amid Sebi crackdownGensol Engineering's promoters have seen their stake plummet 57% as pledged shares rise amid regulatory scrutiny. Meanwhile, allegations of...
- PFC, IREDA initiate probe into Gensol Engineering's Rs 663 crore loanPower Finance Corporation and IREDA have launched internal investigations into a ₹663 crore loan to Gensol Engineering for EV purchases lea...
- Sebi finds no manufacturing at Gensol's Pune EV plant, only 2-3 labourersDuring a site visit to Gensol's EV plant at Chakan in Pune. on April 9, an NSE official found only 2-3 labourers present, the Sebi interim ...
- PFC, IREDA mull legal measures against Gensol to safeguard their loan exposurePower Finance Corp and IREDA are pursuing legal options to protect their ₹977 crore loan exposure to Gensol Engineering after promoters fac...
- Gensol Engineering independent director Arun Menon resigns after SEBI crackdownGensol Engineering and its promoters face Sebi action for alleged fund diversions. Independent director Arun Menon resigns, citing concerns...
- Inside details: How Gensol promoter bought luxury DLF Camellias apartment in Gurgaon with 'diverted funds'Sebi’s interim order reveals Gensol promoter Anmol Singh Jaggi diverted Rs 97 crore—sourced from company loans and funds—towards buying a l...
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