Gensol Engineering Share Price in Focus Amidst ED Raids: Investors Worry as Stock Crashes 92% From Its Peak

Gensol Engineering share price was down 5.01% at 2:13 PM and was trading at ₹81.36 on Tuesday. The company has come under serious scrutiny after the Enforcement Directorate (ED) raided its offices in Ahmedabad and Gurgaon yesterday.

The raids were part of an investigation into alleged financial fraud and corporate governance failures. According to the company’s stock exchange filing, the ED seized several documents, financial records, and electronic devices during its search and seizure operation.

SEBI’s Interim Ban on Promoters

The ED action follows an interim order issued by the Securities and Exchange Board of India (SEBI) on April 15, 2025. SEBI has barred Gensol’s promoters—Anmol Singh Jaggi and Puneet Singh Jaggi—from participating in the securities markets. The reason? Allegations of fund diversion for personal expenses and poor corporate governance.

The financial records seized by the ED are now being investigated for possible violations of the Prevention of Money Laundering Act (PMLA) and breaches of foreign exchange laws. The Ministry of Corporate Affairs has also joined the probe.

Gensol Engineering Share Price Tanks

These developments have shaken investor confidence. Gensol’s stock has lost nearly 92% of its value since reaching an all-time high of ₹1,125.75 per share in June 2024. On April 29, 2025, Tuesday, the stock dropped 5%, hitting a 52-week low of ₹81.36 apiece. Over the past month, the stock has plunged more than 50%.

Retail Investor Numbers Keep Rising

Surprisingly, even amid the chaos, the number of retail investors in Gensol has crossed the 1 lakh mark. In the March 2025 quarter, over 13,000 new small investors entered, raising the total to 1,04,458. Their collective stake rose from 23.44% to 30.68%. Meanwhile, promoter holdings have almost halved, suggesting they may be selling their shares.

Conclusion

Gensol Engineering is facing serious legal trouble. With the ED and SEBI investigating its promoters and finances, its stock is hitting new lows. Investors—especially new ones—should be cautious and closely follow developments.

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