Gensol Engineering share price in focus as SEBI Bars promoters from Securities markets

Stock Market Today: Gensol Engineering share price will remain in focus on Wednesday as market regulator SEBI (Securities and exchange board of India) Bars promoters from Securities markets. In a case involving fund diversion and governance violations, capital markets regulator SEBI on Tuesday announced prohibiting Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet…

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Creditors seize pledged shares as small, mid-caps slide

Solar project consultant and contactor Gensol Engineering Ltd and payment solutions provider AGS Transact Technologies Ltd, two companies that recently defaulted on loans, are among the small-cap firms that reported invocation of pledged shares, according to Prime Database, a Mumbai-based markets data tracking firm. Other such firms that saw promoter shares taken over by lenders…

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How to spot the next Gensol before it’s too late

Gensol Engineering, tied to BluSmart through its common promoter Anmol Jaggi, has seen its stock crash nearly 80% from its peak amid allegations of falsified debt records. Now, questions about corporate governance are in the spotlight. In February, months before rating agencies raised red flags, Gensol’s promoter offloaded ₹11.4 crore worth of stock. Spotting the…

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