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FORENSIC AUDIT 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 Engineering shares hit 5% upper circuit for 3rd day. Here's whyGensol Engineering shares hit the 5% upper circuit for the third straight session after the resignation of its MD and Whole-time Director, ...
- IREDA shares in focus after filing insolvency plea against Gensol Engineering over Rs 510 crore defaultIREDA has initiated insolvency proceedings against Gensol Engineering due to a Rs 510 crore loan default, part of a larger Rs 977.75 crore ...
- Ireda files insolvency plea against Gensol over Rs 510 crore defaultIndian Renewable Energy Development Agency (Ireda) has initiated insolvency proceedings against Gensol Engineering due to a default of Rs 5...
- 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...
- Gensol pulled out of DLF office deal a month before Sebi orderPrior to Sebi's order against Gensol's promoters for fund diversion and accounting discrepancies, Gensol terminated a lease agreement for 9...
- ICAI to probe books of Gensol, BluSmartThe Institute of Chartered Accountants of India (ICAI) will investigate Gensol Engineering and BluSmart Mobility's FY24 financial statement...
- BluSmart appoints Grant Thornton for a forensic audit, sources sayBluSmart, an Indian electric cab service, has appointed Grant Thornton for a forensic audit following a regulatory investigation. The probe...
- 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...
- 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...
- Two more independent directors resign from Gensol EngineeringGensol Engineering faces a corporate governance crisis as independent directors Harsh Singh and Kuljit Singh Popli resigned following promo...
- Gensol promoters Anmol Singh, Puneet Singh Jaggi step down after Sebi order; co denies talk of merger or saleAnmol Singh Jaggi and Puneet Singh Jaggi, promoters of Gensol Engineering, have resigned. This follows a Sebi order that barred them from t...
- Promoters’ Piggybank: Sebi crackdown on Gensol sparks broader governance alarmSebi’s interim order against Gensol Engineering has spotlighted severe corporate governance lapses, fund diversion, and financial opacity. ...
- 'Expect higher bar': Sebi boss talks up governance after Gensol Engineering financial mismanagementSebi chief Tuhin Kanta Pandey stressed the need for robust corporate governance to protect investors, especially minority shareholders, fol...
- Gensol Engineering shares fall another 5%, stock nosedives 90% from peakGensol Engineering shares hit a fresh 52-week low, down 90% from peak, after Sebi barred its promoters for financial misconduct and governa...
- Many Gensols yet to come out? Vijay Kedia lists 10 red flags in companies that scream 'scam alert'After Sebi barred Gensol Engineering for fund misuse, Vijay Kedia warned of more such companies hiding in plain sight. He outlined 10 red f...
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