Ghushine Fintrrade Ocean Limited Exempted from SEBI Regulation 24A Compliance Requirements

1 min read     Updated on 17 Apr 2026, 02:14 PM
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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?

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Ghushine Fintrrade Ocean Limited Files Q4 Compliance Certificate with No Dematerialisation Activity

1 min read     Updated on 17 Apr 2026, 01:53 PM
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Ghushine Fintrrade Ocean Limited submitted its Q4 FY26 confirmation certificate under SEBI Regulation 74(5) on 17.04.2026, covering the quarter ended 31/03/2026. The filing, signed by Company Secretary Bhagirath Radhakrishna Vaishnav, was accompanied by registrar confirmation from Purva Sharegistry (India) Pvt. Ltd. The dematerialisation report showed no share certificate activity during the period from 01/03/2026 to 31/03/2026, with all parameters marked as 'NIL'.

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Ghushine Fintrrade Ocean Limited has filed its quarterly confirmation certificate with the Bombay Stock Exchange, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission covers the fourth quarter ended 31/03/2026 and demonstrates the company's adherence to mandatory compliance procedures.

Regulatory Compliance Filing

The confirmation certificate was submitted on 17.04.2026 under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Bhagirath Radhakrishna Vaishnav, holding membership number ACS 57369, digitally signed the document before submission to the exchange.

Parameter: Details
Filing Date: 17.04.2026
Quarter Covered: Fourth Quarter ended 31/03/2026
Equity Script Code: 539864
ISIN Number: INE009U01011
Signatory: Bhagirath Radhakrishna Vaishnav

Registrar Confirmation

Purva Sharegistry (India) Pvt. Ltd., serving as the company's registrar and transfer agent, provided the required confirmation certificate dated 01/04/2026. The SEBI-registered entity (Registration: INR000001112) confirmed compliance with dematerialisation procedures during March 2026.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, certified that security certificates received for dematerialisation were properly confirmed or rejected within prescribed timelines. The registrar also confirmed that processed certificates were mutilated and cancelled after verification, with depositories' names substituted in the member register.

Dematerialisation Activity Report

The detailed share certificate dematerialisation report for the period from 01/03/2026 to 31/03/2026 shows no activity during the quarter:

Activity Parameter: Status
Folio Numbers: NIL
Shareholder Names: NIL
Certificate Numbers: NIL
Share Quantities: NIL
Dematerialisation Dates: NIL

Company Information

Ghushine Fintrrade Ocean Limited operates from its registered address at Ground floor-27, Aagam Cross Road, AC Market opposite Star Galaxy near Shrungar Residency, Vesu Abhava road, Surat-395007. The company maintains its corporate identification number as L65910GJ1995PLC025823 and GST registration number 24AABCP3988Q1ZO.

The quarterly filing represents standard regulatory compliance, ensuring transparency in share transfer and dematerialisation processes as mandated by securities market regulations.

What factors might explain the complete absence of dematerialisation activity during Q4 2026, and could this indicate declining investor interest?

How might upcoming changes to SEBI regulations in 2026-2027 impact Ghushine Fintrrade's compliance costs and operational procedures?

Will the company's financial services business model require additional regulatory filings or approvals given the evolving fintech landscape?

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