sebi:WTM/AB/CFID/CFID-SEC1/31379/2025-26
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Facts / Headnote
Interim directions issued: Noticees 2 and 3 restrained from holding director/KMP positions in Gensol; Noticees 1, 2 and 3 restrained from buying, selling or dealing in securities; Noticee 1 directed to put on hold the announced stock split; SEBI to appoint a forensic auditor to examine books of accounts of Gensol and its related parties.
Provisions invoked
- s. 19
- s. 12A
- s. 67
Regulations
- Reg. 3(b)
- Reg. 4
- Reg. 2
Parties
- Gensol Engineering Limited (Noticee 1)
- Anmol Singh Jaggi (Noticee 2)
- Puneet Singh Jaggi (Noticee 3)
Holding
SEBI prima facie found that Gensol Engineering Limited and its promoters Anmol Singh Jaggi and Puneet Singh Jaggi diverted company funds through layered transactions to promoter-linked entities, made misleading disclosures, submitted forged conduct letters to credit rating agencies, and failed to disclose loan defaults, in violation of the SEBI Act, SEBI (PFUTP) Regulations, LODR Regulations and the Companies Act. Interim directions were issued restraining the noticees from dealing in securities and holding director/KMP positions, halting the stock split, and ordering a forensic audit.
Full text
___________________________________________________________________________ Interim Order in the matter of Gensol Engineering Limited Page 2 of 29
___________________________________________________________________________ Interim Order in the matter of Gensol Engineering Limited Page 3 of 29 shareholding pattern of Gensol from the time of its listing till December 2024 is given below (Source: Screener.in):
___________________________________________________________________________ Interim Order in the matter of Gensol Engineering Limited Page 4 of 29
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Source: SecMarx — sebi:WTM/AB/CFID/CFID-SEC1/31379/2025-26. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.