Chartered Capital & Investment Ltd. to Discontinue Merchant Banking Activities
Chartered Capital & Investment Ltd. announced on April 3, 2026, that its Board of Directors has approved the discontinuation of merchant banking activities and the voluntary surrender of its Merchant Banking Registration Certificate from the Securities and Exchange Board of India (SEBI). This decision stems from the non-operation of merchant banking activities for over two financial years and prevailing market conditions.The company will formally apply to SEBI to surrender the registration certificate. The move is not expected to have a monetary or other impact on Chartered Capital & Investment Limited.
The Board of Directors meeting commenced at 4:00 p.m. and concluded at 5:35 p.m.
Additionally, Mr. Nevil Sheth has been appointed as the Compliance Officer, effective April 3, 2026, in place of Mr. Sagar Bhatt, due to regulatory requirements mandating separation of roles. Mr. Sagar Bhatt will continue to be associated with the Merchant Banking Division until the surrender of the Merchant Banking Registration Certificate.
Mr. Nevil D Sheth holds a B.COM degree from Gujarat University and is an associate member of the Institute of Company Secretaries of India (ICSI) with over six years of experience in the secretarial field.
| Sr. No. | Name | : | Details |
|---|---|---|---|
| 1 | Name of the regulatory or licensing authority | : | The Securities and Exchange Board of India (SEBI) |
| 4 | Withdrawal/cancellation or suspension of licence/ approval by the regulatory or licensing authority, with reasons for such action, estimated impact (monetary or otherwise) on the listed entity and penalty, if any | : | The Company voluntarily decided to surrender the Registration Certificate due to non-operation of the business related to merchant banking for more than two financial years and in view of prevailing market conditions. There is no impact (monetary or otherwise) on the listed entity/Company i.e. Chartered Capital and Investment Limited |
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