Sebi confirms ban on Gensol, Jaggi brothers in fund diversion case

July 31, 2025

, By The Economic Times

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Markets regulator Sebi on Wednesday upheld its interim order restraining rel=”dofollow” href=”https://economictimes.indiatimes.com/gensol-engineering-ltd/stocks/companyid-1948393.cms” target=”_blank”>Gensol Engineering and its former top executives Anmol Singh Jaggi and Puneet Singh Jaggi from the securities markets on concerns over fund diversion and corporate governance failures.

Additionally, the regulator said Jaggi brothers, also cofounders of EV ride-hailing firm BluSmart Mobility, would continue to be debarred from holding the position of a director or key managerial personnel in Gensol.

The final order comes as the company undergoes insolvency proceedings under the…

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Sebi confirms ban on Gensol, Jaggi brothers in fund diversion case

July 31, 2025

, Published By The Economic Times

sebi-confirms-ban-on-gensol-jaggi-brothers-in-fund-diversion-case.jpg

Markets regulator Sebi on Wednesday upheld its interim order restraining rel=”dofollow” href=”https://economictimes.indiatimes.com/gensol-engineering-ltd/stocks/companyid-1948393.cms” target=”_blank”>Gensol Engineering and its former top executives Anmol Singh Jaggi and Puneet Singh Jaggi from the securities markets on concerns over fund diversion and corporate governance failures.

Additionally, the regulator said Jaggi brothers, also cofounders of EV ride-hailing firm BluSmart Mobility, would continue to be debarred from holding the position of a director or key managerial personnel in Gensol.

The final order comes as the company undergoes insolvency proceedings under the…

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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Previous News

As rates slide, who will grab the savings pie? MFs, insurers?

Next News

Edtech firm Arivihan raises $4.17 million from Prosus, Accel

The Economic Times

More like this

Popular

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