Gretex Corporate Services Ltd — Important, 31-10-2025: Company Update

Gretex Corporate Services Limited, a registered merchant banker, has been prohibited by SEBI from undertaking any new assignments or launching new schemes for a period of 21 days. This action follows violations related to not maintaining the prescribed minimum net worth and failing to exercise adequate due diligence in an SME public issue. The company has clarified that this restriction does not impact ongoing merchant banking assignments, and all other business activities continue as usual. Any potential impact on new assignment revenue for this limited duration is not expected to be material.