NEW DELHI: Two more Gensol Engineering independent directors, Harsh Singh and Kuljit Singh Popli, have tendered their resignations amid the company facing allegations of misuse of funds, according to a regulatory filing on Thursday.
On Wednesday, Gensol Engineering’s independent director, Arun Menon, resigned, saying there was growing concern on leveraging its balance sheet to fund the capex of other businesses and sustainability of servicing such high debt costs by the company.