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Sumedha Fiscal Services to take steps to close broking, DP operations

11 Feb 2019 Evaluate

Sumedha Fiscal Services’ Board has decided to take steps to close Broking and Depository Participant (DP) operations, thereby surrender SEBI & Exchange Licences for Broking and DP activities of the company considering overall viability & risks involved. The proposed closure also includes Commodity Broking operations of the Subsidiary (having negligible volume of operations). This is subject to all regulatory compliances and approvals.

The Board of Directors of the company at their meeting held on February 09, 2019, decided the same. 

Sumedha Fiscal Services is a front ranking financial services Company incorporated in the year 1989.

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