The Securities and Exchange Board of India (Sebi) has unearthed suspected financial misconduct at Gensol Engineering, with revelations of no operational activities at its electric vehicle (EV) facility despite significant public declarations. Sebi’s probe revealed inconsistencies in pre-sales, questionable financial transactions, and alleged misappropriation of funds by the company’s promoter directors, Anmol and Puneet Singh Jaggi. In response, Sebi has imposed restrictions on Gensol Engineering and the Jaggi brothers from participating in the securities market, while also ordering a suspension of the planned stock split. The regulatory authority’s actions come as part of its ongoing efforts to ensure transparency and integrity in the Indian financial markets.