Gensol Engineering promoters’ stake more than halves amid Sebi crackdown

Gensol Engineering promoters’ saw their shareholding more than halve from December levels as the company faces probes from multiple agencies, including Sebi. Cofounders Anmol Singh Jaggi and Puneet Singh Jaggi, their mother Jasminder Kaur, and promoter group Gensol Ventures Pvt Ltd lost 57% stake since December 31, as per exchange data till Tuesday.

As of December 2024, the promoters held 2.8 crore shares, or 62.65% stake, in Gensol Engineering, showed shareholding data with BSE. Of this, 81.7% was pledged. By the end of March 2025, the shares held by…