Ghushine Fintrrade Ocean Limited Exempted from SEBI Regulation 24A Compliance Requirements
Ghushine Fintrrade Ocean Limited has informed BSE of its exemption from SEBI LODR Regulation 24A compliance under Regulation 15(2), which applies to companies with paid-up equity capital not exceeding ten crore and net worth not exceeding twenty-five crore. The exemption relieves the company from submitting the Annual Secretarial Compliance Report for the year ended 31st March 2026, providing significant regulatory relief for the Surat-based entity.

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Ghushine Fintrrade Ocean Limited has notified the Bombay Stock Exchange (BSE) about its exemption from certain SEBI compliance requirements under the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company's notification, dated 17th April, 2026, specifically addresses the non-applicability of Regulation 24A and related corporate governance provisions.
Regulatory Exemption Details
The exemption is granted under Regulation 15(2) of SEBI LODR 2015, which provides relief to smaller listed entities from various corporate governance compliance requirements. According to the regulation, companies meeting specific criteria are exempt from complying with Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and certain clauses of Regulation 46, along with specific paragraphs of Schedule V.
| Exemption Criteria: | Details |
|---|---|
| Paid-up Equity Capital: | Not exceeding ten crore |
| Net Worth Threshold: | Not exceeding twenty-five crore |
| Reference Period: | Last day of previous financial year |
| Alternative Criteria: | Listed on SME Platform |
Company Qualification and Impact
Ghushine Fintrrade Ocean Limited, with its registered office located at Ground Floor-27, Aagam Cross Road, AC Market Opposite, Star Galaxy Near Shrunagar Residency, Vesu Abhava Road, Surat-395007, falls within the scope of the aforementioned exemption criteria. The company operates under CIN L65910GJ1995PLC025823 and trades on BSE with equity script code 539864.
As a direct consequence of this exemption status, the company is not required to submit its Annual Secretarial Compliance Report for the year ended 31st March 2026. This represents a significant compliance relief for the organization, reducing its regulatory reporting burden.
Corporate Communication
The notification was signed by Bhagirath Radhakrishna Vaishnav, who serves as the Company Secretary and Compliance Officer with membership number ACS 57369. The communication was digitally signed and submitted to BSE management for official record-keeping purposes, ensuring proper documentation of the company's exemption status under current SEBI regulations.
Will SEBI consider tightening the exemption criteria for small companies following recent corporate governance concerns in the SME segment?
How might Ghushine Fintrrade Ocean's growth trajectory be affected if it exceeds the exemption thresholds in future financial years?
Could this regulatory relief provide a competitive advantage for smaller listed entities over their larger counterparts in terms of operational costs?































