Gensol Engineering Limited, a prominent player in India’s renewable energy sector, announced the re-appointment of Jabirmahendi Aga as Chief Financial Officer, effective immediately. Aga replaces Ankit Jain, who has left to pursue other opportunities, according to a regulatory filing made on March 6.

The shares of Gensol Engineering Limited were trading at ₹341.70 up by ₹6.90 or 2.06 per cent on the NSE today at 10.05 am. The shares reached their 52-week low today at ₹307.25.

Aga brings over 14 years of financial experience and previously served as CFO for the company. He will report directly to Chairman and Managing Director Anmol Singh Jaggi.

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In the announcement, Jaggi acknowledged the company is “going through a tough time” and described Aga as “the man best suited to lead us through it,” suggesting financial challenges at the renewable energy firm.

Gensol Engineering, established in 2012, specialises in solar power engineering, procurement, and construction services, along with electric mobility solutions. The company has executed over 770 MW of solar projects across India and ranks among the top 10 EPC players in the country.

The company recently expanded into battery energy storage systems and green hydrogen production. It also operates in the electric vehicle sector with manufacturing facilities in Pune and offers EV leasing solutions to various clients including government entities and corporations.