Gensol Engineering Limited announced on Monday, May 12, 2025, that both Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi have tendered their resignations, citing compliance with the SEBI Interim Order dated April 15, 2025 as the reason.
In regulatory filings with BSE and NSE, the company confirmed that both resignations will take effect from the close of business hours on May 12, 2025. As per their respective resignation letters, both Anmol Jaggi and Puneet Jaggi confirmed that there are no material reasons for stepping down other than those disclosed.
“I am resigning due to the direction given under SEBI Interim Order dated April 15, 2025,” wrote Anmol Jaggi in his letter to the Board.
Puneet Jaggi echoed the same reasoning, thanking the Board and employees for their support during his tenure.
The company clarified that both directors will also cease to be members of various board committees, and no additional board positions or committee memberships are held by either of them in other listed entities.
The resignation comes in the wake of increased regulatory scrutiny under the said SEBI order, the details of which have not been fully disclosed in the public domain yet.
These developments mark a significant shift in Gensol Engineering’s leadership, and the company is expected to update investors on the next steps regarding its executive management structure.
