Two more independent directors at Gensol Engineering resigned on Thursday amid increasing troubles for the company which is facing allegations of misuse of funds.Harsh Singh and Kuljit Singh Popli tendered their resignations after independent director Arun Menon resigned.The three resignation within a span of few hours came a day after SEBI on Tuesday barred Gensol Engineering and its promoters — Anmol Singh Jaggi and Puneet Singh Jaggi — from the securities markets till further orders in a fund diversion and governance lapses case.“Pursuant to Regulation 30 of SEBI Listing Regulations, we wish to inform you that Mr. Harsh Singh and Mr. Kuljit Singh Popli, has tendered their resignation as the Independent Director of the Company, with immediate effect,” said the company in regulatory filing.In the resignation letter addressed to Anmol Singh Jaggi, independent director Harsh Singh said that he was aware that his decision that comes at a time when the Company is facing a difficult time and added, “However, my professional commitments at Patna are coming in the way of my contributing to the company in a useful manner.”Further stating that there was no other reason for his resignation, Harsh Singh added, “I hope and wish that the company is able to rise over the current tides. My admiration for your leadership and resilience remains unwavering.”Whereas, writing to Board of Director, Kuljit Singh Popli said that recent developments and news in the media pained me immensely.“I was hoping for some positive developments to happen past one month however the way things have unfolded and come to light I am not in a position to continue as Independent Director,” he added.He further added, “I was hopeful that the company that has grown so fast and had been enjoying good reputation and good will, will continue to grow and create value for all stakeholders and governance issues as brought out will be addressed. However that has not happened.”Tendering his resignation, Arun Menon tendered said that there was growing concern on the leveraging of GEL balance sheet to fund the capex of other businesses; and the sustainability of servicing such high debt costs by GEL.According to Sebi’s interim order, Gensol Engineering’s promoters treated the company as a proprietary firm. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Harsh Singh and Kuljit Singh Popli, two additional independent directors of Gensol Engineering, have stepped down from their positions.
