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Sebi finds no manufacturing at Gensol's Pune EV plant, only 2-3 labourers

During a site visit to the facility on April 9, an NSE official found only 2-3 labourers present.

SEBI Bhavan at BKC Bandra, in Mumbai.(Vijay Bate/HT photo)
Published on Apr 21, 2025 01:00 PM IST
PTI |

BluSmart allegations will erode investor trust, warns former BSE chairman S Ravi

Anmol Singh Jaggi along with his brother Puneet Singh Jaggi are the co-founders of BluSmart and directors at Gensol Engineering.

Recently, SEBI flagged issues related to alleged fund diversion and document falsification against Gensol Engineering Ltd, which impacted BluSmart, leading to the closure of services of the company.(AFP)
Published on Apr 20, 2025 10:34 AM IST
ANI |

A fancy house for Mr Jaggi: All about Gensol promoter’s DLF Camellias flat

The 7,430 sq ft super luxury flat in The Camellias at Gurugram was bought for an agreement value of ₹37.92 crore by Anmol Singh Jaggi, documents show

Gensol Engineering Ltd promoter Anmol Jaggi allegedly diverted loans meant for funding BluSmart's electric vehicle purchases to buy a luxury apartment in DLF's The Camellias, Gurugram, according to an interim order by markets regulator SEBI. (LinkedIn)
Published on Apr 17, 2025 01:06 PM IST

Camellias flat, 26L golf set: Red flags SEBI cited against BluSmart cofounder

SEBI has barred founders of Gensol Engineering from holding key positions in company, citing alleged defaults on loans used to fund EV purchases for BluSmart.

SEBI Bhavan at BKC Bandra in Mumbai.(PTI)
Published on Apr 16, 2025 01:51 PM IST

Gensol shares fall 5% after SEBI bars promoters from securities market

SEBI barred the promoter brothers from directorships in listed companies, blocked the company's stock split, and named a forensic auditor to investigate.

SEBI had written in its order that the company had raised <span class='webrupee'>₹</span>975 crore in loans from institutions such as Indian Renewable Energy Development Agency (IREDA) and Power Finance Corporation (PFC) for purchasing electric vehicles (EVs) for its ride hailing company BluSmart.(Representational Image/Pixabay)
Published on Apr 16, 2025 01:26 PM IST
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