Gensol Engineering: Monitoring Agency Issues Qualified Report

Crisil Ratings Limited, the monitoring agency for Gensol Engineering's preferential issue, has issued a qualified report for the quarter ended March 31, 2026, citing non-cooperation from Gensol in providing necessary information and documents. This is in relation to the preferential issue of ₹5,386,033,185. Crisil was unable to monitor the utilization of proceeds due to the lack of cooperation from Gensol, continuing a trend from previous quarters. Stakeholders are advised to exercise caution.