New Delhi, March 27 -- If you've taken a ride in one of those blue-and-white BluSmart EVs at Delhi airport, you might not have guessed its link to a stock that's been making headlines for all the wrong reasons.

Gensol Engineering, tied to BluSmart through its common promoter Anmol Jaggi, has seen its stock crash nearly 80% from its peak amid allegations of falsified debt records.

Now, questions about corporate governance are in the spotlight.

In February, months before rating agencies raised red flags, Gensol's promoter offloaded Rs.11.4 crore worth of stock.

Interestingly, in October 2024, the promoters had bought the stock from the open market at a much higher price, although the total amount used to buy was significantly lower than...