Gretex Corporate fined ₹8 Lakhs by SEBI

Gretex Corporate Services Ltd has been fined ₹8,00,000 (Rupees Eight Lakh Only) by the Securities and Exchange Board of India (SEBI) through an Adjudication Order dated October 27, 2026. The penalty was levied under Section 15HB of the SEBI Act, 1992. The order stems from Gretex's role as a Merchant Banker in the IPO of Taurian MPS Limited, where SEBI found that the company did not exercise due diligence in a disclosure within the offer document, contravening SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Other allegations against Gretex were not established. The company stated that this penalty has no material impact on its financials, operations, or other activities.