As per attachment
GCSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gretex Corporate Services Limited has received a Show Cause Notice from SEBI dated September 02, 2025, following an inspection of the company as a SEBI-registered Merchant Banker covering April 2022 to July 2024. The notice alleges non-compliances under SEBI (ICDR) Regulations 2018 and SEBI (Merchant Bankers) Regulations 1992, specifically citing Regulation 245 and 25 of ICDR, Regulations 9A, 13, 21, and 27 of MB Regulations, and certain clauses of the Code of Conduct for Merchant Bankers. SEBI is asking the company to show cause why an inquiry should not be held and penalty should not be imposed under Sections 15HB and 15A(b) of the SEBI Act, 1992. The company has stated it is working with legal advisers to cooperate and respond to the notice. Financial or operational impact, if any, cannot be quantified at this stage and will depend on the outcome of the proceedings.
This is an adverse regulatory development that creates uncertainty around potential penalties or further action from SEBI, which could affect the company's reputation and merchant banking operations. Retail investors should monitor the outcome, as any penalty or adverse order could weigh on the stock price.