<p>New Delhi: Shares of Gensol Engineering crashed 5 per cent to hit another lower circuit limit on Monday 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>.<p>The stock tanked 4.98 per cent to Rs 111.65 -- its lowest trading permissible limit as well as 52-week low -- on the BSE on Monday.</p>.Gensol Engineering independent director Arun Menon resigns.<p>At the NSE, it slumped 5 per cent to Rs 110.71 -- the lower circuit as well as 52-week low level.</p>.<p>From its 52-week high of Rs 1,125.75, the stock is now down 90 per cent.</p>.<p>Shares of the firm had hit the lower circuit limits on Wednesday and Thursday last week 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>New Delhi: Shares of Gensol Engineering crashed 5 per cent to hit another lower circuit limit on Monday 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>.<p>The stock tanked 4.98 per cent to Rs 111.65 -- its lowest trading permissible limit as well as 52-week low -- on the BSE on Monday.</p>.Gensol Engineering independent director Arun Menon resigns.<p>At the NSE, it slumped 5 per cent to Rs 110.71 -- the lower circuit as well as 52-week low level.</p>.<p>From its 52-week high of Rs 1,125.75, the stock is now down 90 per cent.</p>.<p>Shares of the firm had hit the lower circuit limits on Wednesday and Thursday last week 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>