Gensol Engineering Shares Hit 12-Day Losing Streak Amid Regulatory Heat

Market Performance

Gensol Engineering shares continued their downward spiral for the 12th consecutive trading session on Friday, April 25, 2025. The stock took another 5% hit, marking fresh 52-week lows on the BSE and NSE.

• BSE: Dropped 4.96% to ₹91.05
• NSE: Plunged 5% to ₹90.16
• 12-Day Loss: Over 44% wiped out
• Fall From 52-Week High: Stock down a staggering 91.91% from ₹1,125.75

This persistent fall places Gensol among the most battered stocks in recent sessions, reflecting deep investor concerns.

Main News

The sell-off in Gensol Engineering shares deepened following actions taken by enforcement agencies. The Enforcement Directorate (ED) launched extensive searches at Gensol Engineering's offices in Delhi, Gurugram, and Ahmedabad under the Foreign Exchange Management Act (FEMA).

Significantly, co-promoter Puneet Singh Jaggi was detained by the ED from a hotel in Delhi on Thursday, intensifying the regulatory storm surrounding the company.

The ongoing investigation stems from allegations of:

• Financial misconduct
• Corporate misgovernance
• Diversion of funds

The issue gained traction after the Securities and Exchange Board of India (SEBI) received a complaint in June 2024 about manipulation of the share price and improper fund transfers. This has now escalated into a full-scale probe.

Company Details

Gensol Engineering Ltd operates in multiple sectors, including:

• Solar Consulting Services
• Engineering, Procurement, and Construction (EPC)
• Electric Vehicle Leasing

Despite its diversified business model, regulatory setbacks have led to a sharp erosion in investor confidence.

In addition to the enforcement actions, SEBI issued an interim order last week barring Anmol Singh Jaggi and Puneet Singh Jaggi—the promoter brothers—from accessing the securities markets until further notice.

Additionally, SEBI has directed the company to suspend its planned 1:10 stock split, which was expected to increase liquidity in the stock.

Summary

Gensol Engineering shares have entered a free fall, losing nearly 92% of their value from their yearly peak. With regulatory pressure mounting and key promoters under investigation, the stock's near-term outlook remains grim.

The 12-day crash reflects deeper systemic issues within the firm, overshadowing its business model and prospects.

Investors and stakeholders will now await further updates from SEBI and the Enforcement Directorate to understand the full scope of the allegations.