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Gensol Engineering Promoters Resign From Company
Millennium Post Kolkata
|May 13, 2025
Anmol Singh Jaggi Held the Post of MD While Puneet Singh Jaggi Was a Whole-Time Director
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NEW DELHI: Promoters of beleaguered Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, have resigned from the company following market regulator Sebi's interim order, according to an exchange filing.
Anmol Singh Jaggi held the post of Managing Director while Puneet Singh Jaggi was a Whole-time Director.
Earlier on April 15, the Securities and Exchange Board of India (Sebi) barred Gensol Engineering and promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the securities markets till further orders in a fund diversion and governance lapses case.
The regulator also debarred Anmol and Puneet Singh Jaggi from holding the position of a director or key managerial personnel in Gensol until further orders. The markets watchdog also directed Gensol Engineering Ltd to put on hold the stock split announced by it.
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