GCSL · price
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Awaiting price reaction for this filing.
Gretex Corporate Services has issued a corrigendum (correction/addition) to its Postal Ballot Notice dated November 13, 2025, after receiving comments from NSE on the company's proposal to issue 1 lakh fully convertible warrants on a preferential basis to certain identified persons. The main change is in the shareholding pattern table, where the pre-issue numbers were earlier shown on a diluted basis (including 8 lakh existing warrants), but have now been restated to show only actual equity shares held, with the post-issue column including all 9 lakh warrants upon conversion. Total shares will move from about 2.26 crore to 2.35 crore once the new warrants are issued and converted. Promoter group holding will remain around 63% in both scenarios. The e-voting window (November 14 to December 13, 2025) is unchanged.
This is a procedural correction with no material change for shareholders — the resolutions on the ballot and the warrant issue remain the same. Investors should be aware that if all 1 lakh new warrants are converted, the total share count rises by roughly 4%, leading to mild dilution for non-allottees.