Authorities including NFRA and ICAI are examining Gensol's books and audit trail; SFIO probe likely if MCA finds sufficient evidence of fund diversion

Gensol Engineering Ltd. has lost -93.42% in the last 1 Year

Corp Affairs Min aims to finish probe into Gensol, related cos in 3-5 mnths

Business Standard | 20 May 2025

Gensol Engineering Ltd.

19 May 2025

60.43

-1.99%

Company Update

Gensol Engineering Ltd - 542851 - Clarification sought from Gensol Engineering Ltd

BSE India

The Exchange has sought clarification from Gensol Engineering Ltd with reference to the media report appearing on https:// www.moneycontrol.com dated May 16, 2025 (Link: https://www.moneycontrol.com/news/business/companies/ireda-files-second-bankruptcy-case-against-gensol-engineering-over-alleged-fraud-13029996.html) titled "IREDA files second bankruptcy case against Gensol Engineering over alleged fraud".The reply is awaited.

Gensol Engineering Ltd.

17 May 2025

60.43

-1.99%

Gensol CFO resigns amid regulatory probes, cites data disarray, chaos

Business Standard

Days after the resignation of Gensol promoters, Chief Financial Officer (CFO) Jabirmahendi Mohammedraza Aga has also quit the crisis-hit company with immediate effect. In his resignation letter, available on stock exchanges, Aga said Gensol Engineering is currently facing significant challenges, with multiple regulatory bodies conducting investigations and the top management resigning from their respective roles. Furthermore, the disorganization of critical data across various departments is hindering the company's ability to effectively respond to the ongoing inquiries due to lack of a cohesive support system, Aga said. "The immense pressure resulting from these circumstances is adversely affecting my physical and mental well-being, leading to a complete loss of focus on my responsibilities. Therefore, I have made the difficult decision to resign, believing it to be in the best interest of the company under these trying conditions," he said. According to an exchange filing on May

Gensol Engineering Ltd. has lost -92.44% in the last 6 Months

Jabirmahendi Mohammedraza Aga resigns as CFO

Business Line | 17 May 2025 2 more

Gensol Engineering Ltd.

17 May 2025

60.43

-1.99%

Company Update

Gensol Engineering Ltd - 542851 - Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)

BSE India

Please find attached filling with reference to resigantion of CFO.

pdf

Gensol Engineering Ltd.

15 May 2025

60.43

-1.99%

Company Update

Gensol Engineering Ltd - 542851 - Intimation Of Case Filed Before Hon'Ble National Company Law Tribunal, …

BSE India

Please find attached.

pdf

Gensol Engineering Ltd.

15 May 2025

60.43

-1.99%

Company Update

Gensol Engineering Ltd - 542851 - Clarification sought from Gensol Engineering Ltd

BSE India

The Exchange has sought clarification from Gensol Engineering Ltd with reference to the media report appearing on https:// www.freepressjournal.in dated May 15, 2025 (Link: https://www.freepressjournal.in/business/gensol-goes-bankrupt-ireda-says-application-filed) titled "Gensol Goes Bankrupt; Ireda Says Application Filed".The reply is awaited.

Gensol Engineering Ltd.

14 May 2025

60.43

-1.99%

SAT allows Gensol Engineering to file its response to Sebi interim order

Business Standard

Gensol Engineering on Wednesday said the Securities Appellate Tribunal (SAT) disposed of its appeal but allowed the company to file its response on Sebi's interim order to bar the firm and its promoters from the securities market. Last month, in an interim order, Sebi 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. In a regulatory filing, the company said the appeal filed by it before the SAT has been disposed of, granting it an opportunity to file its response to Sebi's interim order within two weeks. It further informed that the markets regulator has given directions to hear the company within two weeks thereafter and pass an appropriate order within four weeks. The tribunal has given no observations on Sebi's interim order, it stated. The delay in the disclosure of the SAT order dated May 9 was mainly due to the vacancy in the office of the...