Gensol promoters Anmol Singh, Puneet Singh Jaggi step down after Sebi order; co denies talk of merger or sale
Promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, have resigned from their directorial roles following an interim order from capital markets regulator Sebi. The resignations come as the regulator barred the promoters from the securities market, citing serious financial misconduct. Sebi’s order revealed a “complete breakdown” of corporate governance at Gensol, a…