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

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Indian Renewable Energy Development Agency Limited has informed the Exchange about General Updates

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IREDAEQ_10072026214420_signedIntimationSEGensol10072026.pdf

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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