Gensol Engineering shares tumble 5%; hit another lower circuit limit

Nhares of Gensol Engineering crashed 5% to hit another lower circuit limit on Monday amid the ongoing crisis at the firm. Sebi, through its interim order on Tuesday last week, barred brothers Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities markets until further notice.

The action comes amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concerns over corporate governance and financial misconduct.

The stock tanked 4.98% to Rs 111.65 — its lowest trading…