BluSmart-Linked Gensol’s Arun Menon Quits Amid SEBI Probe

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SUMMARY

With Gensol Engineering under SEBI lens, its independent director Arun Menon has resigned with immediate effect, citing concerns over the “debt position of the company

Menon’s resignation came after SEBI banned Gensol and related entities from the stock market until further notice, alleging its cofounders misused funds allocated for buying EVs

Amid regulatory crackdown on Gensol, which leased EVs to BluSmart, the latter has temporarily suspended its cab scheduling services in…



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BluSmart-Linked Gensol’s Arun Menon Quits Amid SEBI Probe


SUMMARY

With Gensol Engineering under SEBI lens, its independent director Arun Menon has resigned with immediate effect, citing concerns over the “debt position of the company

Menon’s resignation came after SEBI banned Gensol and related entities from the stock market until further notice, alleging its cofounders misused funds allocated for buying EVs

Amid regulatory crackdown on Gensol, which leased EVs to BluSmart, the latter has temporarily suspended its cab scheduling services in…



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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