
15/04/2025
In a major regulatory action, SEBI has issued interim orders against the company and its promoters—Anmol Singh Jaggi and Puneet Singh Jaggi—for allegedly misappropriating loans meant for EV purchases.
According to SEBI, the Jaggis diverted funds through complex transactions for personal use, including the purchase of a luxury apartment in DLF’s The Camellias.
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