NSEGeneral Updates10 Jul 2026 · 10 Jul 2026, 09:44 pm
General Updates
Indian Renewable Energy Development Agency Limited · IREDA
✦ AI Summary▼ NegativeRegulatory
Indian Renewable Energy Development Agency Limited has declared two of its borrowers, Gensol Engineering Limited and Gensol EV Lease Limited, as frauds and reported them to RBI as per regulatory requirements.
Analysis Scores
Earnings Impact1/10
Growth Catalyst5/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment2/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Indian Renewable Energy Development Agency Limited has informed the Exchange about General Updates
Attachments (1)
📄pdf
Download →
IREDAEQ_10072026214420_signedIntimationSEGensol10072026.pdf
View document text
Ref No: CACS/Sectt./efile 8713 Date: July 10, 2026
National Stock Exchange of India Limited, BSE Limited
Exchange Plaza, C/1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (E), Dalal Street, Kala Ghoda, Fort,
Mumbai – 400001 Mumbai – 400051
Symbol- IREDA Scrip Code- 544026
ISIN:- INE202E01016
Subject: Declaration of Fraud to M/s Gensol Engineering Limited and M/s Gensol EV Lease Limited,
(Subsidiary of M/s Gensol Engineering Limited)
Dear Sir/Madam,
In furtherance to our earlier communications on the matter of above mentioned borrowers, the
accounts/borrowers have been declared as fraud and reported to RBI as per regulatory requirement, in terms
of the Reserve Bank of India Master Direction – Fraud Risk Management in Non-Banking Financial
Companies (NBFCs) Directions, 2024. The details are as given below:
S.No Account/Borrower Nature of Fraud Amount Provision held as on
Name Outstanding 31.03.2026 (in %)
(Rs. in Crore)
1 M/s. Gensol • Misappropriation and Criminal 453.77 85%
Engineering Limited Breach of Trust;
• Forgery with the intention to
commit fraud by making false
documents and/or electronic
records
2 M/s. Gensol EV • Misappropriation and Criminal 218.97 85%
Lease Limited Breach of Trust
You are requested to please take the same on record under Regulation 30 read with Schedule III of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
Thanking You,
For Indian Renewable Energy Development Agency Limited
Ekta Madan
Company Secretary