New Delhi, April 15 : The Securities and Exchange Board of India (SEBI) has imposed a ban on Jensol Engineering Limited and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, restricting them from participating in the securities market until further notice. The action follows allegations of fund misappropriation and operational irregularities within the company.
In its interim order, SEBI also directed that Anmol and Puneet Singh Jaggi be barred from holding any directorial or key managerial positions at Jensol Engineering for the duration of the investigation. Additionally, the market regulator has halted the proposed stock split announced by the company.
The investigation was triggered by a complaint received by SEBI in June 2024, which prompted a detailed probe into the company’s financial and managerial practices.
In a separate order, SEBI imposed a five-year ban on Kalapi Shah of Tezi Mandi Analytics Private Limited (TMAPL) for violations of Portfolio Management Services (PMS) regulations. The regulator stated that Shah had breached multiple PMS norms, warranting disciplinary action.
These orders underscore SEBI's ongoing efforts to maintain transparency and accountability in India’s capital markets.
