Gretex Corporate Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2026 for Resignation of Secretarial Auditor.
GCSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gretex Corporate Services Limited held its Board meeting on May 07, 2026, approving multiple items. Key financials for FY26 show standalone revenue of Rs 3,309.65 lakhs with net profit of Rs 1,299.59 lakhs, while consolidated revenue stood at Rs 17,851.60 lakhs with net profit of Rs 2,792.84 lakhs. The Secretarial Auditor RKN & Co resigned effective May 07, 2026, and was replaced by M/s D.A. Kamat & Co for a 5-year term. The Board also recommended a 7% final dividend (Rs 0.70 per share), approved increasing authorised share capital from Rs 24.20 crore to Rs 26.50 crore, and okayed issuance of 19.51 lakh fully convertible warrants to non-promoter investors. Joint Statutory Auditor M/s Jay Gupta & Associates was reappointed for another 5-year term.
The resignation and immediate replacement of the secretarial auditor appears routine as the new firm D.A. Kamat & Co was appointed on the same day. Positive signals include the recommendation of dividend, healthy profit growth in standalone financials, and capital expansion plans through warrant issuance. The unmodified audit opinion from statutory auditors adds credibility.