Shares of Gensol Engineering locked in the 5% upper circuit for the fourth consecutive session on Friday, even as the company continues to face regulatory and financial challenges. The recent rally follows the resignation of Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi earlier this week. Their exit, effective May 12, came…
The spate of resignations continued at Gensol Engineering as two independent directors, Harsh Singh and Kuljit Singh Popli, stepped down from their positions. This came a day after promoters Anmol Singh Jaggi and Puneet Singh Jaggi offered to step down. The resignations come as the regulator barred the promoters from the securities market, citing serious…
In its latest board meeting, capital markets regulator Sebi approved a series of key measures aimed at protecting investor interest and improving various aspects of market regulations. From tightening SME IPO norms to easing certain reporting requirements, here are 10 key changes you need to know. 1. Stricter rules for SME IPOs Sebi has made…
Suzlon Energy has been issued an advisory cum warning letter from both the National Stock Exchange (NSE) and BSE Ltd, regarding non-compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. These warnings are issued in respect to the company’s handling of disclosures related to the resignation of Independent Director,…
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance oversight. Cease and Desist Order for United Texas Bank…