Gretex Corporate Services Limited has informed the Exchange regarding 'As per letter attached'.
GCSL · price
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Awaiting price reaction for this filing.
Gretex Corporate Services has issued an addendum to the valuation report for its proposed preferential issue of 1,00,000 equity warrants, after NSE flagged a computational error in the original valuation. The 90-day VWAP was revised downward from ₹281.30 to ₹278.42, while the 10-day VWAP remained unchanged at ₹293.45. The higher of the two (₹293.45) is unchanged, so the issue price of ₹300 per warrant stays the same. The preferential issue was approved by the Board on November 13, 2025, and by shareholders via postal ballot on December 13, 2025. A practicing company secretary has certified that the revised valuation is compliant with SEBI ICDR Regulations.
Neutral to slightly positive for shareholders — the correction brings the valuation in line with the regulator's methodology, and the issue price is unchanged, meaning no dilution beyond what was already approved. Existing shareholders are not adversely affected by the revision.