Gretex Corporate Services Limited has informed the Exchange regarding revision in Outcome of Board Meeting held on May 07, 2026 for fund raising.
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Gretex Corporate Services Limited has approved the allotment of 19,51,000 Fully Convertible Equity Warrants to 5 non-promoter investors for approximately ₹69.84 crore at ₹358 per warrant. The warrants are convertible into one equity share each (face value ₹10) within 18 months. The allottees include Ambition Tie-Up Private Limited (12.01 lakh warrants), Zyana Developers LLP (5 lakh warrants), Shailja Sandeep Jindal (1 lakh warrants), and two Makharia family members (75,000 warrants each). This is a revised filing correcting typographical errors in the original disclosure for allottees 2 and 3. Post-allotment, Ambition Tie-Up will be reclassified under the Promoter Group category.
The preferential allotment of nearly ₹70 crore worth of warrants indicates strong investor interest. However, existing shareholders face potential dilution as these warrants convert into equity shares within 18 months. The reclassification of one allottee to Promoter Group may indicate increased promoter holding in the future.