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SEBI Action Against Gensol Engineering Ltd

Kumari Sonali

SEBI Action Against Gensol Engineering Ltd:

The Securities and Exchange Board of India (SEBI) has barred Gensol Engineering Ltd (GEL) and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from participating in the securities market due to serious corporate governance lapses and fund diversion. The action was initiated following a complaint received in June 2024, highlighting manipulation of share prices and misuse of company funds. The case has become a prominent example of how regulatory bodies ensure accountability and protect investor interests.

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