๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Gensol Engineering shares tumble 30% in two sessions; here's why
Business Today
ยท
5m ago
Medial
Gensol Engineering, a provider of EPC services for solar power plant development, faced a credit rating downgrade by CARE Ratings. This was due to ongoing delays in servicing its term loan obligations, as reported by its lenders. As a result, the company's shares have tumbled over two sessions.
View Source
Related News
Muthoot Finance shares slip 14% in two sessions, here's why
Business Today
ยท
3m ago
Medial
Muthoot Finance shares dropped 14% over two sessions, hitting an intra-day low of Rs 1964.35, from a previous close of Rs 2140.30 on the BSE. This decline is due to anticipated RBI guidelines for gold loans. The new regulations are expected to affect other gold financing entities like Manappuram Finance and IIFL Finance. RBI Governor Sanjay Malhotra announced forthcoming comprehensive draft guidelines to harmonize regulations for loans secured by gold jewellery.
View Source
Gensol shares continue to slide; hit new lower circuit limit
YourStory
ยท
2m ago
Medial
Shares of Gensol Engineering fell 5% after promoters Anmol Singh Jaggi and Puneet Singh Jaggi resigned following SEBI's interim order, which barred them over fund diversion and governance lapses. The stock hit a 52-week low, down 95.39% from its high, continuing to slide for 23 sessions, dropping 68.28%. SEBI also halted Gensol's planned stock split. The Jaggi brothers resigned as directors effective May 12, 2025, amid regulatory scrutiny.
View Source
Shilpa Urhekar appointed CEO of Solar EPC at at Gensol Engineering
YourStory
ยท
1y ago
Medial
Shilpa Urhekar has been appointed as the CEO of Solar EPC (India) at Gensol Engineering. She will succeed Ali Imran Naqvi, who will oversee the growth of Gensol Engineering Ltd and its subsidiaries. Urhekar previously served as the country head (India) at Sterling and Wilson Renewable Energy Ltd, where she successfully bid and executed 6 GW of renewable energy projects. With over two decades of experience, Urhekar will focus on strengthening Gensol's solar engineering, procurement, and construction business in India's renewable energy landscape. Gensol Engineering specializes in solar power EPC services and electric mobility solutions.
View Source
Down 84% in 2025 so far! Gensol Engg shares hit fresh lows post Sebi ban; here's what happened
Business Today
ยท
3m ago
Medial
Shares of Gensol Engineering have plunged 84% in 2025 after SEBI imposed a ban on the company and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi. The ban comes amid allegations of fund diversion and corporate governance concerns. The restrictions mean they are prohibited from participating in the securities markets, impacting investor confidence and resulting in a fresh low for the company's stock.
View Source
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP
Economic Times
ยท
1m ago
Medial
The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Gensol Engineering and Gensol EV Lease after petitions by the Indian Renewable Energy Development Agency (IREDA). The tribunal found both companies in financial default, with Gensol Engineering owing Rs 510 crore and Gensol EV Lease Rs 218.95 crore. Interim resolution professionals have been appointed, and the companies' boards have been suspended. These proceedings follow earlier regulatory actions against Gensol's promoters for governance issues.
View Source
'Mutually decided not to proceed': Gensol shares update on takeover of EV assets by Refex Green
Business Today
ยท
4m ago
Medial
Gensol Engineering and Refex Green Mobility Ltd (RGML) have mutually decided not to proceed with the takeover of Gensol's 2,997 electric vehicles, which operate on the BluSmart platform, due to evolving commitments and timeline challenges. Gensol shares have plummeted, suffering a 76.16% drop in 2025, after facing multiple credit downgrades by CARE and ICRA. Concerns about corporate governance arose when documents were found falsified, affecting the companyโs credit ratings and investor confidence.
View Source
SAT allows Gensol to file response to SEBIโs interim order
YourStory
ยท
2m ago
Medial
The Securities Appellate Tribunal (SAT) has permitted Gensol Engineering to respond to the Securities and Exchange Board of India's (SEBI) interim order. SEBIโs investigation revealed misuse and diversion of company funds by Gensol's promoters, Anmol and Puneet Singh Jaggi. The tribunal allowed Gensol two weeks to respond, following which SEBI will decide within four weeks. The firm also faces insolvency proceedings from IREDA over a Rs 510 crore default amid board resignations and compliance issues.
View Source
Gensol Engineering Suffers Another Blow As CEO Aga Quits
OutlookIndia
ยท
2m ago
Medial
Gensol Engineering is facing significant challenges as its CFO, Jabirmahendi Mohammedraza Aga, resigned after just two months, citing operational dysfunction and lack of support. This follows the resignation of the company's Managing Director and Whole-time Director after SEBI barred them from key positions due to misconduct. The Indian Renewable Energy Development Agency is seeking to recover Rs 510 crore, claiming default on loans to Gensol. SEBI found funds meant for EV procurement were improperly diverted.
View Source
Ireda files insolvency plea against Gensol Engineering over Rs 510 crore default
Economic Times
ยท
2m ago
Medial
Indian Renewable Energy Development Agency (Ireda) has initiated insolvency proceedings against Gensol Engineering due to a Rs 510 crore default. The power financier submitted a plea under Section 7 of the Insolvency and Bankruptcy Code, seeking to address the financial discrepancy, as stated in an exchange filing. This legal action highlights the severity of the default and underscores the financial challenges faced by Gensol Engineering.
View Source
Who are Anmol and Puneet Singh Jaggi, at the centre of the Gensol crisis?
Economic Times
ยท
3m ago
Medial
Anmol and Puneet Singh Jaggi, promoters of BluSmart, are accused by India's Securities and Exchange Board of diverting funds from their solar company, Gensol Engineering, and manipulating stock prices. Initially celebrated in the renewable energy sector, the Jaggi brothers now face severe allegations of financial misconduct. Anmol founded Gensol and BluSmart, while Puneet co-founded Gensol and Prescinto Technologies, and founded Param Renewable Energy, indicating their significant involvement in energy startups.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in