Gretex Corporate Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2026 for appointment of Joint Statutory Auditor.
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Gretex Corporate Services Limited held its Board Meeting on May 07, 2026, approving several key items. The company reported strong FY2026 standalone net profit of Rs 1,299.59 Lakhs on revenue of Rs 3,309.65 Lakhs, with total comprehensive income of Rs 8,131.36 Lakhs. Consolidated net profit stood at Rs 2,792.84 Lakhs on revenue of Rs 17,851.60 Lakhs, with total comprehensive income of Rs 10,663.69 Lakhs. The auditors issued unmodified opinions on both standalone and consolidated results. The Board re-appointed M/s Jay Gupta & Associates as Joint Statutory Auditors for a second term of 5 years. RKN & Co resigned as Secretarial Auditor and was replaced by M/s D.A. Kamat & Co for 5 years. The Board recommended a final dividend of Rs 0.70 per share (7%) and proposed to increase Authorised Share Capital from Rs 24.20 crore to Rs 26.50 crore. Additionally, the Board approved issuing 19,51,000 fully convertible warrants to non-promoter investors on preferential basis, convertible within 18 months. The 18th AGM is scheduled for July 31, 2026.
Strong financial performance with healthy profit growth and comprehensive income boost signals positive momentum. The preferential warrant issuance to non-promoters will dilute existing shareholders and warrants are typically used to raise capital quickly. The dividend recommendation provides direct shareholder returns.