As per attachment

Sebi InvestigationRegulatory & Legal View source PDF Explain this filing

GCSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.3%Reaction day

₹300.00

prior close

₹306.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-5.8% vs market

Capital Markets peers, median of 56sector · industry level+0.7%-6.0% vs sector

On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 6.0 pts less than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-2.7

15m

-1.2

30m

-2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.3+0.4-5.8+0.7-6.0

Next day

-6.6+0.6-7.2+0.7-7.3

-8.3+1.0-9.4+1.5-9.8

-4.7+0.9-5.6+0.6-5.3

-6.7+0.9-7.5+1.3-8.0

-5.9+1.6-7.6+1.5-7.4

-1.8+2.8-4.6+2.9-4.7

15d

-16.4-2.5-13.9-2.3-14.1

-20.7-1.0-19.6-1.1-19.6

-8.0-0.4-7.5-0.5-7.5

+13.3-7.0+20.3-3.8+17.1

UpDownMarket · Nifty Microcap 250Sector · Capital Markets peers, median of 56Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.