Gensol Engineering Information: The Chief Monetary Officer (CFO) of Gensol Engineering (CFO) Jabirmehandi Mohammadaraja Aga has resigned. His resignation has come at a time when the Indian Renewable Power Improvement Company (Ireda) has filed a bankrupt petition in a default case of Rs 510 crore towards Jansol Engineering a number of days in the past. The corporate has given details about his resignation within the change submitting. In accordance with the knowledge offered within the submitting, he has resigned on the date of Could 16. Let me let you know that the corporate is at present scuffling with heavy strain as a consequence of disturbances in its enterprise and suspicious actions of promoters and Aga has additionally talked about in its resignation. What’s written by CFO in its resignation? In its resignation, Aga has written that the corporate is dealing with severe challenges right now, as a result of many regulatory organizations are investigating. The highest administration has already resigned from their posts. As well as, essential knowledge in numerous departments of the corporate is just not systematically in a scientific method, inflicting destructive results on the power to successfully reply to the continuing investigations. Additional, Aga has written in her letter that beneath these circumstances, their bodily and psychological well being is being negatively affected, which has made it utterly inconceivable to deal with her duties. Whereas writing about these causes, Aga wrote that he took a troublesome determination to resign. He believes that it’s within the curiosity of the corporate beneath the present troublesome conditions. Tell us that on Could 12, the corporate’s MD Anmol Singh Jaggi and full -time director Puneet Singh Jaggi resigned. SEBI has banned the entry into the Securities Market till the subsequent discover on Jansol and Jaggi brothers. How did the involved information be in a yr? Jansol engineering shares have been at Rs 1125.75 on 24 June 2024 final yr, which is a file excessive degree for its shares. This growth of shares stopped right here and in 11 months from this excessive degree, it slipped greater than 95 per cent to a worth of Rs 51.84 on 13 Could 2025, which is a file low of 1 yr for its shares. On the decrease degree, the shares have been recovering about 28 per cent on the premise of dealing with and buying, however it’s nonetheless greater than 94 per cent draw back from one yr of excessive. It was closed at 5 % higher circuit 66.29 on BSE on 16 Could Friday. Gensol engineering will probably be bankrupt? Ireda filed the insolvency petition towards the corporate, accused of forgery: Right here info offered is being offered right here just for info. It’s essential to say right here that the funding market out there is topic to dangers. All the time seek the advice of specialists earlier than investing cash as an investor. There may be by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
