SEBI Action: SEBI bars Gensol Engineering Ltd and its promoters from the securities market due to allegations of fund diversion and share price manipulation:

SEBI Action: SEBI bars Gensol Engineering Ltd and its promoters from the securities market due to allegations of fund diversion and share price manipulation:

Daily Current Affairs   /   SEBI Action: SEBI bars Gensol Engineering Ltd and its promoters from the securities market due to allegations of fund diversion and share price manipulation:

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Category : Business and economics Published on: April 19 2025

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  • SEBI barred brothers Anmol Singh Jaggi and Puneet Singh Jaggi from directorships in listed companies, stopped the company's planned stock split, and named a forensic auditor to investigate the matter further.
  • The Securities and Exchange Board of India (SEBI) order, which came after it investigated a complaint received in June 2024, pointed to serious governance lapses, fund diversion and submission of falsified documents.
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