Gensol Engineering's shares dipped 5% to hit a 52-week low on Wednesday after SEBI barred its founders and promoters Anmol and Puneet Singh Jaggi from the securities market. SEBI found that the company's funds were diverted and used as if they were "promoters' piggybank". Anmol and Puneet also founded electric ride-hailing startup BluSmart, which procures EVs from Gensol through lease.