The Exchange has sought clarification from Gensol Engineering Ltd on May 8, 2025, with reference to news appeared in www.economictimes.indiatimes.com dated May 8, 2025 quoting "Gensol Engineering shares slide 5%, extending 20-day rout after SAT denies interim relief."The reply is awaited.

Gensol Engineering Ltd.

08 May 2025

61.66

-1.99%

Gensol Engineering hits back-to-back 5% lower circuit; slips 92% in a month

Business Standard

Gensol Engineering share price: On Wednesday, the Securities Appellate Tribunal (SAT) declined to grant interim relief to Gensol Engineering, which was under scrutiny for alleged fund diversion

Promoters have decreased holdings from 62.65% to 35.87% in Mar 2025 qtr

Gensol Engineering Ltd.

06 May 2025

61.66

-1.99%

Corp affairs ministry orders probe against Gensol Engineering, BluSmart

Business Standard

The corporate affairs ministry has ordered a probe into the affairs of crisis-hit Gensol Engineering and BluSmart Mobility for alleged violations of companies law, according to officials. Gensol Engineering came under the regulatory scanner for alleged fund diversions and corporate governance lapses after Sebi, in April, passed an order barring the company's promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the securities market for various violations. BluSmart Mobility, which offers ride-hailing services, is promoted by Anmol Singh Jaggi. The officials on Tuesday said the ministry ordered an investigation against the companies last week under Section 210 of the Companies Act, 2013. Under Section 210, the ministry has powers to order a probe into the affairs of a company on various grounds, including in public interest. Earlier, the ministry had said it would take necessary action in the matter after examining the Sebi order. The order by the Securities and Exchange Board o