Announced Mon, 18 May · 18:55 IST

Gretex Corporate Services Limited has informed the Exchange regarding Corrigendum to Notice of Postal Ballot dated 07 May,2026

Board & Shareholder Meetings View source PDF

GCSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+5.1%1-day move
₹370.00
prior close
₹372.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+2.5+2.8+2.8+5.1+6.4+6.6+8.9+8.1+8.6+11.1+18.9+39.9
Up moveDown movePending
AI summary

Gretex Corporate Services Limited has issued a corrigendum to its postal ballot notice (originally dated May 7, 2026) as directed by NSE. The corrigendum provides details of a proposed preferential issue of warrants worth approximately Rs 69.85 crore at Rs 358 per warrant (marginally above the floor price of Rs 357.32). The funds will be primarily used for working capital (56%), investment in Gretex Industries Limited warrants (21%), general corporate purposes (19%), and investment in Bahutex Ventures LLP (4%). The issue is being made to non-promoter allottees including Ambition Tie-Up Private Limited and Zyana Developers LLP. Shareholders who have already voted are being given an opportunity to modify their votes before the June 6, 2026 deadline.

Likely market impact

This preferential issue will result in dilution of existing shareholders' stake upon conversion of warrants. The significant allocation to working capital and group company investments indicates expansion plans but carries related-party transaction risk for the Gretex Industries investment.