Under SEBI Lens, Jaggi Brothers Resign From Gensol

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SUMMARY

In their resignation letters, Anmol Singh Jaggi and Puneet Singh Jaggi said they were resigning due to SEBI’s directions

Last month, SEBI barred the Jaggi brothers from holding any directorial or key managerial positions in the listed companies

The regulator said that the duo allegedly diverted proceeds from INR 978 Cr loan, taken for buying EVs for BluSmart, to purchase an apartment, invest in other startups, and more

Gensol Engineering MD Anmol Singh Jaggi and…



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Under SEBI Lens, Jaggi Brothers Resign From Gensol


SUMMARY

In their resignation letters, Anmol Singh Jaggi and Puneet Singh Jaggi said they were resigning due to SEBI’s directions

Last month, SEBI barred the Jaggi brothers from holding any directorial or key managerial positions in the listed companies

The regulator said that the duo allegedly diverted proceeds from INR 978 Cr loan, taken for buying EVs for BluSmart, to purchase an apartment, invest in other startups, and more

Gensol Engineering MD Anmol Singh Jaggi and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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