<p>New Delhi: Shares of Gensol Engineering dropped 5 per cent to hit fresh lower circuit limit on Wednesday, as investors stayed away from the 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>.<p>The stock tumbled 5 per cent to Rs 100.80 -- its lowest trading permissible limit as well as 52-week low level -- on the BSE.</p>.DH Deciphers: The BluSmart Saga and what next for the ride-hailing firm.<p>Shares of the firm tanked 5 per cent to Rs 99.91 -- the lower circuit as well as 52-week low level -- on the NSE.</p>.<p>The stock has been hitting the lower circuit limits for the past five trading days, including Wednesday.</p>.<p>From its 52-week high of Rs 1,125.75, the stock has tumbled 91 per cent.</p>.<p>The stock has been tumbling for the past 10 trading days.</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 dropped 5 per cent to hit fresh lower circuit limit on Wednesday, as investors stayed away from the 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>.<p>The stock tumbled 5 per cent to Rs 100.80 -- its lowest trading permissible limit as well as 52-week low level -- on the BSE.</p>.DH Deciphers: The BluSmart Saga and what next for the ride-hailing firm.<p>Shares of the firm tanked 5 per cent to Rs 99.91 -- the lower circuit as well as 52-week low level -- on the NSE.</p>.<p>The stock has been hitting the lower circuit limits for the past five trading days, including Wednesday.</p>.<p>From its 52-week high of Rs 1,125.75, the stock has tumbled 91 per cent.</p>.<p>The stock has been tumbling for the past 10 trading days.</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>