Gensol Engineering is facing a steep decline in its stock value, dropping 5% recently and over 50% in the past six months. The company denies receiving any Enforcement Directorate (ED) notice, countering media reports linking its promoters to investigations. However, the resignation of two independent directors and SEBI’s probe into alleged Gensol’s fund misuse have intensified investor concerns. mint+1The Economic Times+1The Economic Times+1Outlook Business+1Reuters
Why this matters: Corporate governance issues can significantly impact investor confidence and a company’s market performance.
Source: India Today
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