Gensol Engineering Ltd. News and Updates

Keep track of all breaking news on Gensol Engineering Ltd. from all sources in a single place.

Gensol Engineering Ltd.

13 Jun 2025

46.55

-1.98%

Gensol Engineering admitted to insolvency by NCLT on Ireda petition

Business Standard

The Ahmedabad NCLT has admitted Gensol Engineering to insolvency proceedings after a petition by Ireda

Gensol Engineering Ltd. has lost -11.32% in the last 1 Week

Gensol Engineering Ltd.

04 Jun 2025

46.55

-1.98%

NCLAT refuses to lift asset freeze on Gensol Engineering, related firms

Business Standard

NCLAT directs Gensol Engineering and related entities to approach the NCLT for relief after denying plea to lift freeze on assets, accounts, and lockers amid fraud probe

Gensol Engineering Ltd. has lost -29.78% in the last 1 Month

Gensol Engineering Ltd.

03 Jun 2025

46.55

-1.98%

Gensol, BluSmart face insolvency heat as NCLT issues fresh notices

Business Standard

Last week, NCLT also allowed the Centre to freeze the bank accounts and lockers of Gensol Engineering Ltd and many of its subsidiaries after investigations revealed major financial irregularities

Gensol Engineering Ltd. has lost -81.28% in the last 3 Months

Gensol Engineering Ltd.

29 May 2025

46.55

-1.98%

NCLT allows govt to freeze Gensol Engineering accounts in fraud probe

Business Standard

NCLT says Gensol moved funds meant for specific purposes to related parties, violating corporate governance norms under the Companies Act, 2013

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

Gensol Engineering Promoters Barred From Asset Transfer By Debt Recovery Tribunal

NDTV Profit | 28 May 2025

Gensol Engineering Ltd.

20 May 2025

46.55

-1.98%

MCA aims to complete Gensol Engineering probe in three to five months

Business Standard

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 -11.32% in the last 1 Week

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

Business Standard | 20 May 2025

Gensol Engineering Ltd.

17 May 2025, 03:31PM

46.55

-1.98%

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. is trading below all available SMAs

Jabirmahendi Mohammedraza Aga resigns as CFO

Business Line | 17 May 2025, 03:07PM 2 more

Gensol Engineering Ltd.

14 May 2025

46.55

-1.98%

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...

Gensol Engineering Ltd. has lost -29.78% in the last 1 Month

Gensol Engineering Ltd.

13 May 2025

46.55

-1.98%

Gensol Share Price Hits Upper Circuit After Jaggi Brothers Exit

NDTV Profit

Share price of Gensol Engineering, which fell over 60% in the last month, rose sharply in trade on Tuesday to hit the 5% upper circuit.

Gensol Engineering Ltd. is trading below all available SMAs

Gensol Engineering's 5% lower circuit streak continues as promoters resign

Business Standard | 13 May 2025 1 more

Gensol Engineering Ltd.

08 May 2025

46.55

-1.98%

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

46.55

-1.98%

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

Promoters pledged 13.40% of shares in last quarter. Total pledge stands at 95.10% of promoter holdings

MCA orders probe against Gensol Engineering, BluSmart

Business Line | 06 May 2025

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Buy 70.82%

Sell 21.64%

Hold 7.54%

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Gensol Engineering Ltd. News and Updates

Keep track of all breaking news on Gensol Engineering Ltd. from all sources in a single place.