Outcome of Board Meeting dated 07th May, 2026
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Gretex Corporate Services Ltd reported strong FY2026 results with standalone net profit of ₹1,299.59 Lakhs (up 4% YoY) on revenue of ₹3,309.65 Lakhs. Consolidated net profit jumped 14x to ₹2,792.84 Lakhs despite lower revenue of ₹17,851.60 Lakhs. The board approved a 7% final dividend (₹0.70 per share), subject to shareholder approval at the July 31st AGM. Key corporate actions include raising authorized share capital by ₹2.30 Cr to ₹26.50 Cr, and a preferential issue of 19.51 lakh fully convertible warrants to non-promoter investors (conversion within 18 months). Auditor changes were made with Jay Gupta & Associates reappointed as joint statutory auditors for 5 years, and D.A. Kamat & Co appointed as new secretarial auditor.
Strong profitability growth and dividend declaration are positive for shareholders. The preferential warrant issue will dilute equity but brings fresh capital. Share capital expansion signals future growth plans or acquisitions.