As per letter attached for reply to BSE on SDD Compliance
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The board of Ghushine Fintrrade Ocean Ltd met on July 9, 2025, to respond to a BSE query about non-compliance with the Structured Digital Database (SDD) requirement under SEBI's Insider Trading Regulations, 2015. The company admitted it had not been maintaining an SDD, citing staff shortage and technical difficulties in operating the software. As corrective steps, the company has appointed Ambica Pal Sharma as Company Secretary and Compliance Officer, appointed Jenish Sadadiwala as CEO, and purchased and installed SDD software. The company also disclosed that it has discontinued its main business activities. It has assured the exchange that SDD will be made fully functional before the end of the current quarter.
This is a regulatory compliance lapse that could attract SEBI scrutiny or penalties if not fixed on time. For shareholders, the bigger concern is the company's own admission that it has discontinued its main activities, alongside weak internal controls, which together raise serious questions about ongoing business operations.