India, April 17 -- "The quantifiable financial impact on the company cannot be ascertained at this point in time," EPC firm Gensol said in an exchange filing yesterday on the impact of an interim order passed by SEBI.

This came a day after the markets regulator, in the interim order, laid bare the dirty secrets of Gensol and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi. The Jaggi brothers are also the cofounders of EV ride-hailing startup BluSmart.

SEBI, in its detailed 29-page interim order, said that the brothers misutilised Gensol's funds in a fraudulent manner and treated the capital as their piggybank. From using the company's funds to buy a flat in DLF's 'The Camellias' to investing in Ashneer Grover's 'Third Unicorn', ...