Harsh Singh & Kuljit Singh Popli Resign From Gensol Engineering As Independent Directors Amid SEBI Probe

Independent Directors Harsh Singh and Kuljit Singh Popli have resigned from the Board of Gensol Engineering. Their resignations follow that of Arun Menon and come after the Securities and Exchange Board of India (SEBI) barred Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from the securities market over fund diversion and governance issues.

Harsh Singh cited professional commitments as the reason for his resignation. Popli, in his letter, referred to concerns arising from recent developments and stated he was no longer in a position to continue. SEBI has also directed Gensol to halt its proposed stock split and restrained the promoters from holding directorial or key managerial roles in any listed company. The matter stems from a complaint filed in June 2023.

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