Gensol Engineering Appoints Jatin Gupta & Associates as Secretarial Auditor for FY2024-25
Gensol Engineering Ltd has appointed M/s. Jatin Gupta & Associates, a Delhi-based peer-reviewed firm of Practicing Company Secretaries (Reg. No. I2003DE350100), as its Secretarial Auditor for FY2024-25, effective May 13, 2026. The appointment was made by Resolution Professional Keshav Khaneja under the ongoing CIRP proceedings initiated by the NCLT, with the consent letter submitted to stock exchanges under Regulation 30 of SEBI LODR Regulations, 2015.
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Gensol Engineering Ltd has appointed M/s. Jatin Gupta & Associates as its Secretarial Auditor for the financial year 2024-25. The appointment, effective May 13, 2026, was disclosed to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was made by the Resolution Professional, Mr. Keshav Khaneja, who is currently managing the company's affairs under the Corporate Insolvency Resolution Process (CIRP).
Appointment Details
The appointment follows the provisions of Regulation 24A of the SEBI Listing Obligations and the Companies Act, 2013. M/s. Jatin Gupta & Associates, a Delhi-based firm of Practicing Company Secretaries, has conveyed its consent to act as the Secretarial Auditor for the specified financial year and subsequent periods. The firm's registration number is I2003DE350100, and it is a peer-reviewed entity.
The following table summarises the key details of the appointment as disclosed to the stock exchanges:
| Particulars: | Details |
|---|---|
| Reason for Change: | Appointment |
| Date of Appointment: | May 13, 2026 |
| Firm Name: | M/s. Jatin Gupta & Associates |
| Registration Number: | I2003DE350100 |
| Peer Review Registration Number: | 6856/2025 dated June 18, 2025 |
Firm Profile
Jatin Gupta & Associates was established in 2003 by Jatin Gupta. The firm specializes in corporate secretarial, advisory, and audit services, with expertise in Secretarial Audit, Due Diligence, Corporate Laws, Securities Laws, Foreign Investment, and NBFC matters. It serves clients across private and government sectors, including Rail PSUs, offering integrated compliance and governance solutions through a nationwide network of professionals.
CIRP Status
The company is currently undergoing CIRP under the Insolvency and Bankruptcy Code, 2016, pursuant to an order by the National Company Law Tribunal (NCLT). The powers of the Board of Directors are suspended and are being exercised by the Resolution Professional. The consent letter from the Secretarial Auditor has been submitted to the stock exchanges for record-keeping purposes.
What is the expected timeline for Gensol Engineering's CIRP resolution, and which potential resolution applicants have expressed interest in acquiring the company?
How might the findings in the upcoming secretarial audit report impact the resolution process or the valuation of Gensol Engineering's assets under CIRP?
Will the appointment of a new secretarial auditor help restore investor confidence, and what other governance measures is the Resolution Professional implementing to stabilize the company?
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