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...
21 May, 2025, 05.00 AM IST
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, ...
15 May, 2025, 11.44 AM IST
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 ...
15 May, 2025, 08.04 AM IST
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...
14 May, 2025, 10.51 PM IST
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...
12 May, 2025, 06.17 PM IST
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...
08 May, 2025, 09.40 AM IST
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...
29 Apr, 2025, 12.33 AM IST
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...
23 Apr, 2025, 11.40 PM IST
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...
23 Apr, 2025, 06.50 PM IST
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...
23 Apr, 2025, 12.39 AM IST
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...
18 Apr, 2025, 06.51 PM IST
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...
17 Apr, 2025, 10.14 PM IST
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...
17 Apr, 2025, 07.50 PM IST
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. ...
17 Apr, 2025, 06.32 PM IST
'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...
17 Apr, 2025, 05.29 PM IST
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...
17 Apr, 2025, 10.50 AM IST
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...
16 Apr, 2025, 09.13 PM IST