Jaggi Brothers Exit Gensol Board Amid Fraud Probe, Stock Crashes 90% From Rs 800 To Rs 52

Jaggi Brothers Exit Gensol Board Amid Fraud Probe, Stock Crashes 90% From Rs 800 To Rs 52

Gensol Engineering's directors Anmol and Puneet Jaggi resigned after SEBI barred them for fund misappropriation, affecting Gensol stocks and BluSmart.

Gensol Founders Anmol & Puneet Singh Jaggi Step Down in a Surprise Move

Almost a month after market regulator SEBI prohibited them from holding important roles within the firm, Gensol Engineering Ltd said on May 12 that Anmol Singh Jaggi, the managing director, and Puneet Singh Jaggi, the full-time director, had resigned. In his letter of resignation, Anmol Jaggi stated that he would be leaving his position as Managing Director of Gensol Engineering Limited effective May 12, 2025, at the end of business hours. Addit…

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In a major leadership shake-up, Gensol Engineering has announced the resignation of its top promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from their executive roles. The announcement was made via an exchange filing on Monday, confirming that Anmol Singh Jaggi has stepped down as Managing Director, while Puneet Singh Jaggi has resigned from his position as Whole-time Director. According to the filing, “Anmol Singh Jaggi, Managing Director …

Under SEBI Lens, Jaggi Brothers Resign From Gensol

Gensol Engineering MD Anmol Singh Jaggi and director Puneet Singh Jaggi today tendered their resignations and stepped down from the company.  In their resignation letters, the directors said they were resigning due to SEBI’s directions. In an interim order last month, the markets regulator barred the Jaggi brothers from holding any directorial or key managerial positions in the listed companies. “…I am hereby resigning from the post of Whole-tim…

Gensol Founders Anmol Singh Jaggi, Puneet Singh Jaggi Resign Month After SEBI Order

Anmol Singh Jaggi and Puneet Singh Jaggi, the embattled founders of Gensol Engineering Ltd., have stepped down from key managerial positions, according to an exchange filing on Monday.Anmol Jaggi resigned as the managing director of the company, whereas Puneet Jaggi has resigned as the whole-time director, as per the filing.Consequently, they shall also cease to be members of the various committee of the company, it added.The Jaggi brothers, in …