Ghushine Fintrrade Ocean Ltd said in a BSE filing on October 5, 2026, that Regulations 52(4) and 52(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, do not apply to the company. It attributed the non-applicability to its non-issuance of the debt and preference share instruments specified in its submission.

The filing provides separate explanations for the two provisions. For Regulation 52(4), the company referred to the disclosure of ratios and said it had not issued non-convertible debt or preference shares. For Regulation 52(6), it specifically cited the absence of non-convertible redeemable preference shares.

The submission therefore concerns the applicability of these particular disclosure requirements, with the company setting out the instrument-related basis for its position under each provision.

Separate grounds for the two provisions

  • Regulation 52(4): The company said the provision relating to disclosure of ratios was not applicable because it had not issued non-convertible debt or preference shares.
  • Regulation 52(6): The company said this provision was not applicable because it had not issued non-convertible redeemable preference shares.

The distinction in the wording is relevant to reading the filing: the first explanation refers to non-convertible debt and preference shares, while the second names non-convertible redeemable preference shares specifically. The communication presents both statements as the company's reasons for non-applicability under the respective regulations.

Filing details and company identification

The letter was dated October 5, 2026, and issued from Surat, where the company's registered office is located. It was addressed to the manager of Bombay Stock Exchange Ltd at P J Towers, Dalal Street, Mumbai.

Bhagirath Radhakrishna Vaishnav, Company Secretary and Compliance Officer, signed the communication for the board of directors. The letter lists his membership number as ACS57369.

The submission identifies the company's equity scrip code as 539864 and its ISIN as INE009U01011. It asks the exchange to place the communication on record and acknowledge receipt.