Gretex Corporate Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2026 for issue of convertible warrants on preferential basis.
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Gretex Corporate Services Limited's Board approved multiple items in its May 7, 2026 meeting. Key decisions include: audited FY2026 results showing standalone profit of ₹1,299.59 lakh (vs ₹1,249.46 lakh prior year) and consolidated profit of ₹2,792.84 lakh; recommendation of 7% final dividend (₹0.70 per share); increase in authorized share capital from ₹24.20 crore to ₹26.50 crore; and approval to issue 19,51,000 fully convertible warrants to non-promoter category investors in one or more tranches, convertible into one equity share each within 18 months from allotment date, subject to shareholder and regulatory approvals. The company also announced auditor changes — re-appointed Jay Gupta & Associates as joint statutory auditors and appointed D.A. Kamat & Co as secretarial auditor. The 18th AGM is scheduled for July 31, 2026.
The warrant issuance to non-promoter investors will dilute existing shareholders upon conversion. The increase in authorized capital and dividend recommendation signal financial health. Shareholders should note the upcoming record date (July 17, 2026) for dividend eligibility.