sebi:WTM/KV/CFID/CFID-SEC2/31565/2025-26
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Facts / Headnote
Interim directions issued vide Interim Order dated April 15, 2025 confirmed; directions against Gensol made subject to any order of the NCLT in the CIRP.
Provisions invoked
- s. 11B
- s. 11
- s. 19
- s. 12A
- s. 67
Regulations
- Reg. 3
- Reg. 4
- Reg. 2
Parties
- Gensol Engineering Limited
- Anmol Singh Jaggi
- Puneet Singh Jaggi
Holding
SEBI's Whole Time Member confirmed the interim directions (restraining Noticees from trading in securities and putting the stock split on hold) issued against Gensol Engineering Limited, Anmol Singh Jaggi and Puneet Singh Jaggi vide the Interim Order dated April 15, 2025, holding that the prima facie findings of violations of section 12A of the SEBI Act, PFUTP Regulations, LODR Regulations and the SEBI Master Circular still hold ground.
Full text
___________________________________________________________________________ Confirmatory Order in the matter of Gensol Engineering Limited Page 2 of 33 (“SEBI”) initiated an examination into the affairs of Gensol Engineering Limited (Gensol / Company), a listed company engaged in providing solar consulting services, Engineering, Procurement and Construction (EPC) services, leasing of Electric Vehicles (EVs), etc.
___________________________________________________________________________ Confirmatory Order in the matter of Gensol Engineering Limited Page 3 of 33
___________________________________________________________________________ Confirmatory Order in the matter of Gensol Engineering Limited Page 4 of 33 Private Limited (Go-Auto), the stated supplier of the EVs, which confirmed that it sold 4,704 EVs to the Company for a total consideration of INR 567.73 Crore.
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Source: SecMarx — sebi:WTM/KV/CFID/CFID-SEC2/31565/2025-26. 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.