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GENSOL GOVERNANCE ISSUES
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 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...
- 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 ...
- ICAI likely to complete review of Gensol Engg, BluSmart Mobility's fin statements in 6 monthsICAI is set to finalize its review of Gensol Engineering and BluSmart Mobility's financial statements for FY24 within six months, following...
- Gensol Engineering’s collapse: 11 red flags every retail investor should watch for in their portfolio stocksGensol Engineering’s sharp 90% fall highlights the perils of ignoring red flags. Despite rising retail and FII interest, regulatory action ...
- 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 dues at Rs 307 crore, exploring all action, options, says PFCPower Finance Corporation (PFC) is pursuing action to recover ₹307 crore from Gensol Engineering, which faces scrutiny from SEBI for fund d...
- Gensol, BluSmart on corporate ministry radar for lapses after Sebi action for 'misutilisation' of fundsThe corporate affairs ministry is considering investigating Gensol Engineering and BluSmart for potential corporate governance violations, ...
- 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 ...
- Gensol Saga: bright beginnings, dark turns; Jaggi brothers face Sebi actionIn a dramatic turn of events, regulator Sebi, through its interim order on Tuesday, barred the Jaggi brothers from accessing the securities...
- 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...
- 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. ...
- Gensol's Jaggi bros saga: Forged letters, Camellias flat, golf set, Dirhams, money to relatives & Ashneer Grover's firmGensol: Brothers Anmol and Puneet Jaggi, once celebrated figures in India's renewable energy sector with Gensol Engineering and BluSmart Mo...
- 9 tactics Anmol Singh Jaggi used to siphon money from GensolSEBI’s order exposes how Anmol Singh Jaggi, once seen as a key figure in India’s clean energy push, leveraged Gensol Engineering’s rising r...
- Gensol promoter Anmol Jaggi invested in Ashneer Grover's startup using diverted funds: Sebi interim orderAn order issued by market regulator Securities and Exchange Board of India (Sebi) on Tuesday detailed various examples of diverting funds t...
- More retail investors could buy Gensol Engineering shares? Here's why Sebi cancelled stock splitSebi has put Gensol Engineering's 1:10 stock split on hold, citing financial irregularities and misuse of EV loan funds by promoters, inclu...
- 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...
- Sebi cracks down on Gensol Engineering, bars promoters from markets for fund diversionSebi has taken interim action against Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, due to financial mism...
- Gensol’s freefall continues as shares hit another 5% lower circuit, down 80% from 52-week highGensol Engineering's stock hit a new 52-week low following continuous declines, driven by credit rating downgrades and financial scrutiny. ...
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