Under SEBI Lens, Jaggi Brothers Resign From Gensol

by · Inc42

SUMMARY

  • In their resignation letters, Anmol Singh Jaggi and Puneet Singh Jaggi said they were resigning due to SEBI’s directions
  • Last month, SEBI barred the Jaggi brothers from holding any directorial or key managerial positions in the listed companies
  • The regulator said that the duo allegedly diverted proceeds from INR 978 Cr loan, taken for buying EVs for BluSmart, to purchase an apartment, invest in other startups, and more