Since its maximum of 52 weeks of ₹ 1,125.75, Gensol Engineering stock has fallen into 91.91 percent
Gensol Engineering’s actions continued to face Drubing, falling 5 percent on Friday, to reach a lower circuit limit, amid the crisis in progress in the company.
The shares of the company affected by the crisis joined 4.96 percent to ₹ 91.05-the lowest negotiation limit allowed for the day, as well as a low level of 52 weeks in the EEB.
In the NSE, 5 percent fell to ₹ 90.16-The lower circuit, as well as the 52-week axis.
The action has been falling for 12 days of negotiation, including Friday. The company’s shares have lost more than 44 percent in 12 days.
Since its maximum of 52 weeks of ₹ 1,125.75, the action has fallen into 91,91 percent.
The compliance address of Thorsday searches against Gensol Engineering Ltd besieged and arrested his co-promoter Puneet Singh Jaggi of a hotel in Delhi, official sources said.
The raids were carried out at the company’s facilities in Delhi, Gurugram and Ahmedabad under the provisions of the Interior Management Law (FEMA).
The company’s promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, are under the federal probation scanner after a Sebi report against him for alleged financial misconduct, bad government or corporate funds.
Sebi, through his interim order on Tuesday of last week, prohibited the brothers Anmol Singh Jaggi and Puneet Singh Jaggi to access the stock markets until it is coming.
Gensol Engineering is dedicated to providing solar consulting services, engineering, acquisitions and construction (EPC) and leasing electric vehicles, among others.
Sebi received a complaint in June 2024 related to the manipulation of the price of shares and the deviation of gensol funds and, therefore, began to examine the matter.
In addition, Sebi ordered Gensol Engineering to put his division of scheduled shares in the relationship or 1:10 waiting.
Posted on April 25, 2025