Inside Gensol & The Six Sins Of Jaggi Brothers

“The quantifiable financial impact on the company cannot be ascertained at this point in time,” EPC firm Gensol said in an exchange filing yesterday on the impact of an interim order passed by SEBI. 

This came a day after the markets regulator, in the interim order, laid bare the dirty secrets of Gensol and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi. The Jaggi brothers are also the cofounders of EV ride-hailing startup BluSmart.

SEBI, in its detailed 29-page interim order, said that the brothers misutilised Gensol’s…