New Delhi, April 19 -- The Securities and Exchange Board of India (Sebi) made several revelations regarding inconsistencies in the operations of Gensol Engineering. One such revelation included a probe by NSE highlighted a Gensol EV plant in Pune, Maharashtra that carried out no manufacturing activities and employed only two-three labourers.

During the Gensol investigation, an NSE official visited the company's Pune EV plant and found only two or three labourers at work. The Sebi order mentioned there was no manufacturing activity going on at the plant.

"There was no manufacturing activity at the plant with only 2-3 labourers present there," states Sebi's interim order released on April 15, 2025.

"It was observed that the maximum amoun...