Gensol Promoters Treated Company Funds Like Their Piggybank: SEBI Bars Anmol, Puneet Singh Jaggi From Market

In a significant crackdown under the SEBI Act, 1992, the Securities and Exchange Board of India (SEBI) has taken stern action against Gensol Engineering Limited and its promoter-directors Anmol Singh Jaggi and Puneet Singh Jaggi, alleging gross financial irregularities, diversion of public funds, forged documents, and misleading disclosures to investors and regulators. Allegations of fund diversion and misuse of loans SEBI's order dated April 15, 2025, passed by Whole Time…