Gensol Engineering Share Price Falls for Second Consecutive Session After SEBI Action

Market Performance

Gensol Engineering's share price declined, hitting the 5% lower circuit for the second day on Thursday, April 17, 2025. The stock opened at ₹117.50 on the Bombay Stock Exchange, marking a decline from its previous closing price of ₹123.65. On the National Stock Exchange, it was trading at ₹116.54, a 5% decrease from its earlier close of ₹122.68. This marks the seventh consecutive trading session in which the company's stock has declined.

Since early February 2025, when the stock was priced close to ₹740, Gensol Engineering's share value has dropped by nearly 83%, primarily due to concerns over corporate governance and repeated rating downgrades.

Regulatory Developments

The persistent decline in the company's share price follows recent regulatory measures by the Securities and Exchange Board of India (SEBI). The market regulator announced that Gensol Engineering's promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, have been blocked from accessing the securities market until further notice.

In addition, SEBI has restricted both promoters from holding positions as directors or in any other key management roles at the company while the investigation continues.

Company Update

Gensol Engineering recently declared a stock split at a ratio of 1:10. However, SEBI has advised the company to halt the implementation of this corporate action. According to the regulator, allowing the stock split under the current circumstances may not be in the interest of investors, particularly retail shareholders.

Summary

Gensol Engineering's share price has significantly declined, locking in the lower circuit for the second straight session and falling for seven consecutive days. The stock has lost nearly 83% of its value since February. The decline is linked to SEBI's action against the company's promoters, who have been barred from market participation and key roles. The market regulator has also suspended a proposed 1:10 stock split due to ongoing concerns regarding investor protection.