Gensol Engineering, April 16 -- The latest order by the stock market regulator, Securities and Exchange Board of India (SEBI), against Gensol Engineering's promoters - Anmol Singh Jaggi and Puneet Singh Jaggi - has brought wide-ranging financial misappropriations to light.

Gensol Engineering shares, which were already in a freefall over the last 1.5 months amid allegations of mismanagement, misappropriation of funds and credit rating downgrades, shed another 5% today, April 16. The scrip has lost almost 80% of its value during this period, with Gensol Engineering stock trapped in the lower circuit on most trading days in March and April.

From its all-time high of Rs.1,126 per share touched in June 2024, the stock has tumbled to Rs.123.6...