Issue of convertible warrants on preferential basis

Warrants ConvertedFund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹381.35

prior close

₹395.50

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.8% vs market

Capital Markets peers, median of 63sector · industry level-0.3%-1.7% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.7 pts less than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.9-0.1-1.8-0.3-1.7

Next day

+0.7-1.5+2.2-1.8+2.5

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+4.1-3.6+7.7-3.4+7.5

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15d

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+23.3+2.7+20.5-4.1+27.4

+35.0+8.4+26.6-4.3+39.4

UpDownMarket · Nifty Microcap 250Sector · Capital Markets peers, median of 63Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Gretex Corporate Services' Board approved issuing 19.51 lakh fully convertible warrants to non-promoter investors on a preferential basis. Each warrant converts into one equity share of ₹10 face value within 18 months of allotment, subject to shareholder and regulatory approvals. The company also announced audited Q4/FY26 results showing consolidated revenue of ₹17,851.60 lakh and net profit of ₹2,792.84 lakh, up significantly from ₹181.52 lakh in FY25. Additionally, the Board recommended a 7% final dividend (₹0.70 per share) and proposed increasing authorised share capital from ₹24.20 crore to ₹26.50 crore.

Likely market impact

The warrant issue will dilute existing shareholders by approximately 8% when converted. The strong profit growth in FY26 and dividend recommendation are positive signals, but shareholders should be aware of potential dilution from the warrant conversion.