In a sharp blow to investor confidence, Gensol Engineering’s top leadership has stepped down following severe allegations of financial impropriety. Promoters Anmol Singh Jaggi and Puneet Singh Jaggi resigned from their executive roles after the Securities and Exchange Board of India (SEBI) issued an interim order banning them from capital market activity and directing the company to halt its proposed stock split. Accusations of fund diversion, forged lender documents, and misuse of corporate funds have shaken the company’s credibility.