Re-appointment of Joint Statutory Auditor
GCSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gretex Corporate Services held its Board meeting on May 07, 2026 and approved several key items. The company reported strong full-year results with standalone net profit of ₹1,299.59 lakh (up from ₹1,249.46 lakh YoY) on revenue of ₹3,309.65 lakh. Consolidated net profit stood at ₹2,792.84 lakh. The Board re-appointed M/s Jay Gupta & Associates as Joint Statutory Auditors for a second 5-year term starting from the 18th AGM. RKN & Co resigned as Secretarial Auditor and was replaced by D.A. Kamat & Co for a 5-year term. Ajmera & Ajmera was re-appointed as Internal Auditor. 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. Additionally, the company approved issuing 19.51 lakh fully convertible warrants to non-promoter investors, convertible into equity within 18 months. The 18th AGM is scheduled for July 31, 2026.
The auditor and secretarial auditor changes are routine and governance-related with no red flags; the strong profit growth and dividend recommendation are positive for shareholders, while the warrant issuance to non-promoters could dilute equity.