Gensol Engineering News

Breaking: ED Detains Gensol Co-founder Puneet Singh Jaggi in Financial Misconduct Probe

The ED raided Gensol Engineering Ltd's offices, detaining co-founder Puneet Singh Jaggi over alleged financial misconduct. Investigations reveal possible fund diversion into shell ...

Exclusive: ICAI's High-Stakes Review of Gensol and BluSmart Audits Sparks Industry Buzz

The ICAI is reviewing audits of Gensol Engineering and BluSmart Mobility after a Sebi probe revealed fund diversion. BluSmart has engaged Grant Thornton for a forensic audit, while...

ICAI Launches Comprehensive Review of Gensol and BluSmart Amid Financial Misconduct Allegations

The ICAI is reviewing Gensol Engineering and BluSmart Mobility's financial statements following allegations of financial misconduct. The FRRB will assess compliance with standards,...

Sebi Uncovers No Manufacturing Activity at Gensol's Pune EV Plant, Raises Investor Concerns

Sebi's inspection found no manufacturing at Gensol's Pune EV plant, contradicting company claims and raising investor concerns over misleading disclosures and alleged financial mis...

Sebi Exposes Gensol's Deceptive Practices: No Manufacturing and Fund Misuse in EV Venture

Sebi's interim order reveals Gensol Engineering's Pune EV facility had no manufacturing activity, with funds misused for personal gains, leading to market access restrictions.

Entrepreneur Ashneer Grover Claims Victimhood Amid SEBI's Crackdown on BluSmart Investment

Ashneer Grover, BharatPe co-founder, defends his Rs 1.5 crore investment in BluSmart amid SEBI's crackdown on Gensol Engineering, claiming victimhood and offering transparency on h...