Gensol Engineering Share Price Today

Gensol Engineering pledgee sells 2.14% stake, encumbrance falls to 2.50%

Catalyst Trusteeship sold 8,24,836 Gensol Engineering shares on behalf of Power Finance Corporation. Pledged stake reduced from 4.64% to 2.50% following the sale. Shares were sold between October 7 and October 9, 2026. Cumulative encumbrance has dropped from 6.67% since late September.

IREDA declares Gensol Engineering loan accounts as fraud

IREDA has classified loan accounts of Gensol Engineering and Gensol EV Lease as fraud due to misuse of funds, breach of trust, and forgery. The agency reported the accounts to the RBI, with a total exposure of ₹672.74 crore.

NCLAT Directs NCLT to Hear Former Gensol Engineering Director's Plea

The National Company Law Appellate Tribunal (NCLAT) has instructed the National Company Law Tribunal (NCLT) to hear and decide on a plea by Harsh Singh, a former independent director of Gensol Engineering. Singh's plea challenges a previous NCLT order that called for an investigation into individuals associated with the company. The NCLAT has given Singh two days to file a stay vacation application. This development follows recent insolvency proceedings initiated by the NCLT against Gensol Engineering and its subsidiary, Gensol EV Lease.

Gensol Engineering Enters Insolvency as NCLT Admits IREDA's Plea

Gensol Engineering Ltd., a renewable energy company, has been admitted into insolvency proceedings by the National Company Law Tribunal (NCLT) in Ahmedabad. This action follows a plea filed by the Indian Renewable Energy Development Agency Ltd. (IREDA). The NCLT's decision will lead to the appointment of an interim resolution professional from the Insolvency and Bankruptcy Board of India (IBBI) panel to oversee the insolvency process. This development may impact investors, creditors, employees, and raise concerns about the financial health of companies in the renewable energy sector.

NCLT Reserves Order on Rs 729 Crore Insolvency Pleas Against Gensol Engineering

The NCLT Ahmedabad bench is considering insolvency pleas filed by IREDA against Gensol Engineering and its subsidiary for loan defaults totaling Rs 729 crore. Gensol Engineering has not contested the debt claims. IREDA is pushing for quick resolution and appointment of an interim resolution professional. A crucial hearing is scheduled for June 13, which could significantly impact Gensol Engineering's future operations and financial structure.

Gensol Engineering Faces Setback as NCLAT Upholds Asset Freeze

Gensol Engineering, owner of BluSmart, faces continued operational challenges as NCLAT refuses to lift the freeze on its bank accounts. The company is directed to approach NCLT for relief. The asset freeze stems from allegations of corporate fraud and financial misrepresentation. Multiple regulatory investigations are ongoing. Gensol expresses concerns about maintaining normal business operations, including meeting payroll obligations. The company's next step is to seek relief through NCLT.