Gensol Misled Investors, No Manufacturing At Pune EV Plant: SEBI

Gensol Misled Investors, No Manufacturing At Pune EV Plant: SEBI

Sebi has prohibited Gensol and its promoters -- Jaggi brothers - from accessing the securities market until further notice.

Sebi finds no manufacturing at Gensol's Pune EV plant, only 2-3 labourers

New Delhi: Markets regulator Sebi has said it found "no manufacturing activity" at Gensol Engineering's electric vehicle (EV) plant in Pune with only 2-3 labourers present when a National Stock Exchange (NSE) official visited the site. These revelations were part of markets regulator Sebi's interim order issued on April 15 following a complaint received in June 2024 alleging manipulation of Gensol's share price and misappropriation of funds. In …

Gensol Auditor to face the heat after SEBI’s Report? ICAI yet to order probe

Gensol Auditor to face the heat after SEBI’s Report? ICAI yet to order probe SEBI has ordered a review of Gensol Engineering because it thinks company leaders might have misused money. Experts disagree about whether auditors should have caught these problems earlier. After SEBI’s report came out, some investors criticized Gensol’s internal audit team and […]