SEBI halts Gensol Engineering's stock split and bans its promoters over alleged fund misuse.

India's market regulator, SEBI, has halted Gensol Engineering's stock split and barred its promoters from the securities market due to allegations of fund misappropriation and governance issues. SEBI found that funds meant for electric vehicle purchases were diverted for personal expenses, and the company submitted falsified documents to credit rating agencies. A forensic auditor has been appointed to investigate further.