<p>New Delhi: Shares of Gensol Engineering tumbled 5 per cent to hit another lower circuit limit on Tuesday as investors continued to desert the company's counter amid the ongoing crisis at the firm.</p>.<p>SEBI, through its interim order on Tuesday last week, barred brothers Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities markets until further notice.</p>.<p>The action comes amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concerns over corporate governance and financial misconduct.</p>.Markets climb in early trade amid foreign fund inflows, buying in bank stocks.<p>On Tuesday, the stock tanked 4.97 per cent to Rs 106.10 -- the lowest trading permissible limit as well as 52-week low level -- on the BSE.</p>.<p>Shares of the firm dropped 5 per cent to Rs 105.17 -- the lower circuit as well as 52-week low level on the NSE.</p>.<p>From its 52-week high of Rs 1,125.75, the stock is now down 90.57 per cent.</p>.<p>Shares of the firm had hit the lower circuit limits on Wednesday and Thursday last week and on Monday as well.</p>.<p>Gensol Engineering is engaged in providing solar consulting services, engineering, procurement and construction (EPC) services, and leasing of electric vehicles, among others.</p>.<p>SEBI received a complaint in June 2024 related to the manipulation of share price and diversion of funds from Gensol and thereafter, started examining the matter.</p>.<p>Additionally, SEBI directed Gensol Engineering to put its planned stock split into the ratio of 1:10 on hold.</p>.<p>The Corporate Affairs Ministry on Monday said it will take necessary action in the Gensol Engineering matter after examining market regulator SEBI's order against the company. </p>
<p>New Delhi: Shares of Gensol Engineering tumbled 5 per cent to hit another lower circuit limit on Tuesday as investors continued to desert the company's counter amid the ongoing crisis at the firm.</p>.<p>SEBI, through its interim order on Tuesday last week, barred brothers Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities markets until further notice.</p>.<p>The action comes amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concerns over corporate governance and financial misconduct.</p>.Markets climb in early trade amid foreign fund inflows, buying in bank stocks.<p>On Tuesday, the stock tanked 4.97 per cent to Rs 106.10 -- the lowest trading permissible limit as well as 52-week low level -- on the BSE.</p>.<p>Shares of the firm dropped 5 per cent to Rs 105.17 -- the lower circuit as well as 52-week low level on the NSE.</p>.<p>From its 52-week high of Rs 1,125.75, the stock is now down 90.57 per cent.</p>.<p>Shares of the firm had hit the lower circuit limits on Wednesday and Thursday last week and on Monday as well.</p>.<p>Gensol Engineering is engaged in providing solar consulting services, engineering, procurement and construction (EPC) services, and leasing of electric vehicles, among others.</p>.<p>SEBI received a complaint in June 2024 related to the manipulation of share price and diversion of funds from Gensol and thereafter, started examining the matter.</p>.<p>Additionally, SEBI directed Gensol Engineering to put its planned stock split into the ratio of 1:10 on hold.</p>.<p>The Corporate Affairs Ministry on Monday said it will take necessary action in the Gensol Engineering matter after examining market regulator SEBI's order against the company. </p>