Gretex Corporate Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2026 for appointment of Secretarial Auditor.
GCSL · price
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Gretex Corporate Services Limited held its Board meeting on May 07, 2026, approving multiple key decisions. The company reported strong audited financial results for FY2026 with standalone net profit of Rs 1,299.59 lakhs (up from Rs 1,249.46 lakhs YoY) and consolidated net profit of Rs 2,792.84 lakhs (up from Rs 181.52 lakhs YoY). The Board recommended a final dividend of 7% (Rs 0.70 per share) and proposed increasing authorised share capital from Rs 24.20 crore to Rs 26.50 crore. Additionally, the Board approved issuing 19.51 lakh fully convertible warrants to non-promoter investors for cash consideration. In auditor changes, RKN & Co resigned as Secretarial Auditor effective May 07, 2026, and D.A. Kamat & Co was appointed as the new Secretarial Auditor for 5 years. The 18th AGM is scheduled for July 31, 2026.
Strong financial performance with profit growth and shareholder-friendly moves including dividend recommendation and capital expansion signal positive sentiment. The secretarial auditor change is routine governance matter with no adverse implications.