Latest business news
Gensol Engineering’s Chief Financial Officer (CFO), Jabirmahendi Mohammedraza Aga, has resigned from his role with immediate effect, citing multiple regulatory investigations. Aga’s resignation follows the recent exits of the company’s Managing Director, Anmol Singh Jaggi, and Whole-time Director, Puneet Singh Jaggi. In his resignation letter dated May 16 and addressed to the company’s board, Aga…
Indian stock market: Gengol Engineering shares have been under the sell-off heat after ushering into the second half of 2024. Gensol share price touched a lifetime high of ₹1,124.90 apiece on the NSE in June 2024, and Gensol Engineering shareholders started booking profit in the energy stock. However, Gensol Engineering shares came under sharp selling…
Gensol Engineering share price fell to a 52-week low during Monday’s trading session after reports surfaced that the markets regulator SEBI identified significant governance issues at Gensol Engineering Ltd. The regulators observed “no manufacturing activity” at the company’s electric vehicle (EV) facility in Pune, noting that only two to three workers were present when an…
The Ministry of Corporate Affairs (MCA) is looking to launch an investigation into Gensol Engineering and its related firm BluSmart for alleged involvement in any corporate governance violations, reported the news portal the Economic Times on Sunday, April 20. According to the report, the Corporate Ministry is examining the materials on the case available in…
Shares of Indian Renewable Energy Development Agency Ltd (Ireda) rose almost 4% after reporting a 49% growth in net profit in Q4 of FY25, thanks to strong credit offtake and improved interest margins. With the cut in the benchmark repo rate by 50 basis points to 6% over the past two monetary policy meetings and…
Gensol Engineering share price: The company intimated about the resignation of two more Independent Directors Harsh Singh and Kuljit Singh Popli on Thursday post market hours. A day earlier Gensol Engineering also had intimated about the resignation of Independent director Arun Menon, citing debt concerns that had dealt a further blow to Gensol Engineering’s stock,…
SEBI’s latest crackdown against Gensol Engineering has sparked a debate on red flags in corporate governance. Discount brokerage Zerodha’s Varsity, in its latest post, has analysed ways by which retail investors can spot the red flags in corporate governance and potentially another ‘Gensol’, to avoid any unnecessary losses in equities. The Securities and Exchange Board…
Gensol Engineering: Allegations of mismanagement, misappropriation of funds and credit rating downgrades has driven the shares of Gensol Engineering almost 80% down in a span of 1.5 months, with the stock trapped in the lower circuit on most trading days in March and April. The latest order by the stock market regulator, Securities and Exchange…
SEBI has barred Gensol Enginnering promoters to put the upcoming stock split action on hold over falsification of reports and find diversion. SEBI has appointed a forensic auditor to examine books of Gensol Engineering. It has also barred Anmol Singh Jaggi and Puneet Singh Jaggi from being directors in the company
Stock Split 2025: Gensol Engineering will remain in focus on Tuesday as it has declared stock split in the 1:10 ratio. Gensol Engineering over the weekend has declared stock split. As per the intimation to the exchanges on 12 April 2025 , Saturday, Gensol Engineering intimating on the revamped Proceeding of Extraordinary General Meeting of…