On the NSE, it fell 5 percent to Rs. Reached 90.16-lower circuit and 52-week low.
Stock has been disturbed for 12 trading days, including Friday. Shares of Pay FIRM have dropped more than 44 percent in 12 days.
With the high of 52-weeks of Rs 1,125.75, the stock has dropped by 91.91 per cent.
On Thursday, the Enforcement Directorate conducted a search against Belgard Gansol Engineering Limited and detained its co-promoter Puneet Singh Jaggi from the Delhi Hotel, official sources said.
The raids were carried out on the premises of the company in Delhi, Gurugram and Ahmedabad under the provisions of the Foreign Exchange Management Act (FEMA).
The promoter Brothers of the company – Anmol Singh Jaggi and Punit Singh Jaggi – are under the scanner of the Federal Probe Agency, which is in the SEBI report in the alleged report of financial misconduct, corporate misconduct and diversion diversion against them.
By its interim order on Tuesday last week, Sebi brothers Anmol Singh Jaggi and Punit Singh Jaggi banned from entering the securities markets till further notice.
Gansol engineering solar consulting services, engineering, procurement and construction (EPC) services and others are engaged to lease electric vehicles.
In June 2024, Sebi received a complaint related to the diversion of funds from the stock price trafficking and gensole and then, launched an investigation into the matter.
In addition, SEBI directed Gansol Engineering to hold its planned stock on hold in a ratio of 1:10.
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