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Gretex Corporate Services Limited held its 17th AGM on August 14, 2025, from 4:05 PM to 4:28 PM, where all 8 resolutions were passed with 100% votes in favour. Key resolutions included the adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, declaration of a final dividend of ₹0.30 per equity share (face value ₹10), and the reappointment of Mr. Arvind Harlalka (DIN: 00494136) as a Director retiring by rotation. Shareholders also approved material related party transactions, authority for loans/investments/guarantees under Sections 185 and 186 of the Companies Act, an increase in overall borrowing limits under Section 180(1)(c), and the appointment of a Secretarial Auditor for a five-year term from FY 2025-26. Overall voting participation was 79.82% (18,069,661 out of 22,639,347 shares), with promoters abstaining on the related party transaction resolution (Resolution 4) due to conflict of interest, reducing polled shares on that item to 16.55%.
Shareholders will receive a final dividend of ₹0.30 per share for FY25. The smooth passage of all resolutions, including increased borrowing limits and related party transaction approvals, suggests management's plans for potential expansion or continued related-party dealings; investors should monitor how the additional borrowing capacity is utilised.