Please find attached Declaration about non-applicability of Regulation 57(5) for QE March 31, 2025
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Greencrest Financial Services Ltd has submitted a declaration to BSE stating that SEBI's Regulation 57(5) does not apply to the company for the quarter ended March 31, 2025. Regulation 57(5) normally requires companies with listed non-convertible securities (such as NCDs or debentures) to file a quarterly certificate from the debenture trustee confirming proper use of issue proceeds. By declaring it non-applicable, the company is essentially confirming it either has no outstanding non-convertible debt instruments or no proceeds pending utilization from such issues. This is a routine quarterly compliance filing submitted by listed entities to the exchange.
This is a neutral, routine compliance disclosure with no material impact on shareholders or the stock price. It simply clarifies that a specific SEBI reporting requirement does not apply to the company for the given quarter.