Gensol Engineering Resolves to SEBI Forensic Audit as the Founders Relinquish Management Responsibilities

Unknown Apr 02, 2026 750 Views

Gensol Engineering Ltd, one of India's leading renewable engineering companies, has said it will completely cooperate with a forensic audit ordered by the Securities and Exchange Board of India (SEBI). As per regulatory instructions, founders Anmol Singh Jaggi and Puneet Singh Jaggi have been...

Major Highlights:

Cooperation with SEBI:

Gensol Engineering has pledged its complete support to SEBI’s forensic audit, promising full access to all necessary records and documentation. The audit, initiated to probe alleged financial or governance irregularities, aims to ensure transparency and regulatory compliance.

Leadership Action:

As a first step to ensure the integrity of the audit, Anmol Singh Jaggi and Puneet Singh Jaggi—key players in Gensol's success—will recuse themselves from all management roles until the investigation is finalized.

Continuity of Operations:

Gensol has committed to stakeholders and clients that its day-to-day operations and commitment to projects will not be impacted. Interim management will be in place to ensure business continuity and client service.

Compliance to Governance:

The action demonstrates Gensol's focus on good corporate governance, transparency, and adherence to market regulations—values essential for sustaining investor confidence in India's rapidly changing clean energy market.

Leadership Insights:

A Gensol spokesperson said,

"We welcome the audit process and are committed to fully cooperating with SEBI. Our top priority is continued operations and safeguarding the interests of our stakeholders."

Outlook:

Gensol Engineering's openness and quick response are likely to assure investors, upholding the company's image as a compliant and responsible renewable energy solution leader.

Source: Company statement, stock exchange filings, SEBI order, April 16, 2025.

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