Enquiry Order in the matter of Gretex Corporate Services Limited - Merchant Banker
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What is this order about?
SEBI ordered an inquiry into Gretex Corporate Services Limited, a registered merchant banker, for allegedly violating regulations regarding minimum net worth and due diligence in handling an SME public issue.
Who it concerns
Gretex Corporate Services Limited
What was found or directed
- Alleged violation of Regulation 7 of MB Regulations (minimum net worth)
- Alleged violation of Regulation 13 read with Clauses 1, 3, 4, 7, 20 of Schedule III of MB Regulations (due diligence)
- Prohibited from taking up new assignments or contracts as a SEBI Registered Merchant Banker for one month
- Net worth dipped to ₹3.57 crore in FY 2019–20 due to revenue decline
- Discrepancies in Statement of Financial Indebtedness were clerical or typographical
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2025-10-30
1761835802269_1.pdf
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