New Delhi, April 20, Securities and Stock Exchange Council (Sebi) said that when an official of the National Stock Exchange (NSE) visited the EV Factory (EV) in Bonn Bonn, he did not see “any manufacturing activity” and there were only two to three workers.
This revelation was part of the temporary order for the SEBI market issued on April 15 after a complaint received in June 2024, claiming to manipulate a renal and abuse money at the price of Yansol.
In his order, Sebi founded in addition to the misleading disclosure of investors by Jansol Engineering, an Anmol Singh Jaggi and Puneet Singh Jaggi.
An investigation conducted by NSE revealed the disclosure that revealed a decrease in manufacturing activities at Jansol Electric Oper Private Limited at EV’s Jansol in Chakan, Pune.
During his visit to the factory on April 9, an NSE official found that only two workers were present there.
Sibi said: “It turned out that there was no manufacturing activity in the factory and there were only two to three workers there.
“Therefore, it can be estimated that there is no manufacturing activity at the factory location, which is a leased property,” said Sibi in his temporary order issued on April 15.
The tour took place on January 28, 2025 after the announcement made by Ginsol to the stock markets, claiming that it had received orders for 30,000 units of EVS provided at Bharat Mobility Global Expo-2015.
However, when reviewing the documents submitted by the company, Sebi found that the requests were the Memorandum of Understanding (MO) made of nine institutions for 29,000 cars.
This was a master’s degree in the nature of expression of desire, which was not mentioned to the price or delivery of the car.
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