Edelweiss Financial Services Limited has announced that its wholly-owned subsidiary, Comtrade Commodities Services Limited, has had its settlement application accepted by the Securities and Exchange Board of India (SEBI). This settlement pertains to past issues related to the National Spot Exchange Limited (NSEL) Settlement Scheme 2025. The order will not have any impact on Comtrade’s financials or operations, as it has not conducted business since 2019.
Subsidiary Comtrade Secures SEBI Settlement
Edelweiss Financial Services Limited has disclosed that its subsidiary, Comtrade Commodities Services Limited, has successfully resolved past regulatory matters. The Securities and Exchange Board of India (SEBI) has accepted Comtrade’s settlement application under the National Spot Exchange Limited (NSEL) Settlement Scheme 2025, issuing an order in favour of the subsidiary.
No Financial Impact from Settlement
Notably, Comtrade Commodities Services Limited has ceased all business activities since 2019. Consequently, the SEBI settlement order is not expected to have any material impact on the current financial performance, operational activities, or overall standing of Comtrade, Edelweiss Financial Services, or any of its other subsidiaries. The company has requested this disclosure to be taken on record.
Source: BSE
