The Directorate of Enforcement (ED) has conducted a search and seizure operation at the premises of the Gensol Engineering in Ahmedabad and Gurgaon, the company stated in a filing with the stock exchanges, Monday.
“The Search and Seizure operation was conducted by the Directorate of Enforcement at Ahmedabad, and Gurgaon premises of the Company. The premises were searched by the Directorate of Enforcement. Some documents, electronic devices and others financial records have been seized,” the Ahmedabad-based company stated, adding that the operation was carried out under the provisions of the Foreign Exchange Management Act, 1999 .
The promoters of Gensol Engineering — Anmol Singh Jaggi and Puneet Singh Jaggi — are currently under the scrutiny of market regulator SEBI over allegations of diversion of funds meant for purchase of electric vehicles. “The Company is in the process of taking appropriate legal measures in respect of the Search and Seizure operation by the Directorate of Enforcement,” the company added.
Published on April 28, 2025
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
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- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
