Gensol Engineering Limited has informed the Exchange regarding the cessation of Mr. Anmol Singh Jaggi and Mr. Puneet Singh Jaggi as directors of the company w.e.f. May 12, 2025.
GENSOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 3.6 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Gensol Engineering Limited informed the stock exchanges that Mr. Anmol Singh Jaggi (Managing Director) and Mr. Puneet Singh Jaggi (Whole-time Director) have resigned from the board effective close of business hours on May 12, 2025. Both also stepped down from their committee memberships. In their resignation letters, both directors explicitly stated they were resigning due to the directions given under the SEBI Interim Order dated April 15, 2025. The resignations were confirmed by the company's CFO, Mr. Jabir Mahendi M Aga, who is still in his role. The company has not announced any replacements yet.
This is a negative development for shareholders. The exit of both promoter-directors is directly linked to a SEBI interim order, signalling serious regulatory and governance concerns. The stock is likely to face further pressure, and uncertainty remains around the company's leadership and future direction until replacements are named.