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Sebi bars Gensol Engineering, promoters from securities markets in fund diversion case

16 Apr 2025 Evaluate

Capital markets regulator the Securities and Exchange Board of India (Sebi) has barred Gensol Engineering and promoters -- Anmol Singh Jaggi and Puneet Singh Jaggi -- from the securities markets till further orders in a fund diversion and governance lapses case.

The regulator has also debarred Anmol and Puneet Singh Jaggi from holding the position of a director or key managerial personnel in Gensol until further orders. Further, the markets watchdog directed Gensol Engineering (GEL) to put on hold the stock split announced by it.

The order came after Sebi received a complaint in June 2024 relating to the manipulation of share price and diversion of funds from GEL and thereafter started examining the matter.

Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.


Gensol Engineering Share Price

21.88 0.00 (0.00%)
04-May-2026 16:59 View Price Chart
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