The Exchange has sought clarification from Choice International Limited with respect to recent news item captioned Choice International Gets SEBI s Approval to Set Up MF Business. The response from the Company is attached.
CHOICEIN · price
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Awaiting price reaction for this filing.
Choice International has submitted a clarification to BSE and NSE in response to a recent news article that mentioned the company receiving SEBI approval to set up a Mutual Fund business. The company clarified that the article in question was originally published on December 29, 2024, not 2025. It confirmed that SEBI had granted In-Principle Approval on December 26, 2024, for sponsoring and setting up a Mutual Fund, and that this was already disclosed to the stock exchanges at that time. Additionally, the company received the Final Approval from SEBI on August 01, 2025, which was also duly intimated to the exchanges. The company reiterated its commitment to corporate governance and compliance with SEBI listing regulations.
This is a routine clarification confirming the company has both in-principle and final SEBI approvals to launch a mutual fund business, which was already disclosed earlier. No new material information; the stock is unlikely to see significant movement from this filing.