Gensol Engineering share worth fell to a 52-week low throughout Monday’s buying and selling session after studies surfaced that the markets regulator SEBI recognized important governance points at Gensol Engineering Ltd. The regulators noticed “no manufacturing exercise” on the firm’s electrical car (EV) facility in Pune, noting that solely two to a few employees have been current when an official from the Nationwide Inventory Change (NSE) visited the situation earlier this month.
These findings have been included in SEBI’s interim order on April 15, issued following a criticism lodged in June 2024 that alleged Gensol’s involvement in share worth manipulation and the misappropriation of funds by the corporate and its promoters, in accordance with PTI.
In its investigation, SEBI highlighted quite a few inconsistencies and deceptive disclosures made by Gensol Engineering, which is led by brothers Anmol Singh Jaggi and Puneet Singh Jaggi.
