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Two more independent directors of Gensol Engineering have resigned following allegations of fund misuse. The resignations come after Sebi barred the company and its promoters from the securities...

Gensol Engineering stock plunged to its lowest ever on Thursday after Sebi barred the company and its promoters from securities markets for alleged fund diversion and governance lapses.

Arun Menon, independent director of Gensol Engineering, has resigned citing concerns over the company's financial practices and Sebi's probe into fund diversion and governance lapses.