Gensol Engineering Limited has informed the Exchange about Initiation of Forensic Audit
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 4.9 pts less than Nifty Microcap 250 and 4.3 pts less 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.
SEBI has appointed M/s Raju and Prasad, Chartered Accountants, to conduct a forensic audit of Gensol Engineering's financial statements covering four financial years (FY 2022, 2023, 2024, and 2025). This action follows an Ex-Parte Interim Order issued by SEBI on April 15, 2025, which directed the company to undergo a forensic audit. The scope and terms of the audit were communicated through SEBI's letter dated May 7, 2025. The company has stated it will cooperate fully with the auditors and maintain corporate governance standards.
This is a significant negative development for shareholders. A forensic audit signals serious regulatory concern about the company's financial reporting and could lead to penalties, restatements, or further enforcement action. Expect heightened stock price volatility and negative sentiment in the near term.