Key Details of SEBI Order

  • Authority: Securities and Exchange Board of India (SEBI)
  • Order Number: Order/JS/YK/2026-27/32792-32795
  • Order Date: October 27, 2026
  • Legal Basis: Section 15-I of SEBI Act, 1992
  • Matter: Taurian MPS Limited (Gretex Corporate Services Limited is Noticee No. 4)

Penalty Imposed

  • Amount: ₹8,00,000 (Rupees Eight Lakh Only)
  • Legal Provision: Penalty levied under Section 15HB of SEBI Act, 1992

Violation Details

The Company was a noticee in its capacity as Merchant Banker to the IPO of Taurian MPS Limited. The Adjudicating Officer held that:

  • The Company did not exercise due diligence in respect of a disclosure in the offer document
  • This contravened certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • The remaining allegations against the Company have been held not established

Background Timeline

  • Show Cause Notice Date: July 31, 2026
  • Previous Disclosure Date: August 04, 2026 (regarding receipt of SEBI Show Cause Notice)
  • Order Receipt Date: October 27, 2026

Financial and Operational Impact

The Company explicitly states: "There is no material impact on the financials, operations or other activities of the Company."

Additional Information

The complete order is available on SEBI's website at: https://www.sebi.gov.in/sebidata/attachdocs/oct2026/ORDER1793087952.pdf

Company Representative

Bhavna Desai, Group Head: Legal, Company Secretary & Compliance Officer (Membership No.: A31586) signed the disclosure digitally on October 28, 2026 at 16:03:05 +05'30'.