The Securities and Exchange Board of India (Sebi) has unearthed alleged financial discrepancies at Gensol Engineering, raising concerns over the authenticity of its operations. The investigation revealed that despite grand proclamations, the electric vehicle (EV) plant associated with Gensol Engineering showed no signs of manufacturing activity. Sebi’s probe further exposed irregularities in pre-orders, questionable transactions, and instances of fund diversion by the promoter directors, Anmol and Puneet Singh Jaggi. In response to these findings, Sebi has taken strict action by barring Gensol Engineering and the Jaggi brothers from participating in the securities market. Additionally, the regulatory body has instructed a halt to the proposed stock split by the company. These developments highlight the importance of regulatory oversight in maintaining transparency and accountability within the financial sector. Stay tuned for further updates on this evolving story.