Resignation of Secretarial Auditor of the Company
GCSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gretex Corporate Services Ltd held its Board meeting on May 07, 2026 and approved multiple items. The key development is the resignation of Secretarial Auditor RKN & Co, effective immediately, with immediate replacement by M/s D.A. Kamat & Co for a 5-year term from FY 2026-27 to FY 2030-31. The company also reported strong FY2026 results with standalone profit of Rs 1,299.59 lakhs (vs Rs 1,249.46 lakhs last year) and consolidated profit of Rs 2,792.84 lakhs. The Board recommended a 7% final dividend (Rs 0.70 per share) and approved a preferential issue of 19.51 lakh fully convertible warrants to non-promoter investors. Authorised share capital will increase from Rs 24.20 crore to Rs 26.50 crore.
The secretarial auditor change appears routine as the new auditor was appointed the same day. The financial results show healthy profit growth and the dividend recommendation is positive for shareholders. The warrant issuance to non-promoters may lead to dilution.