Revised intimation on issue of convertible warrants on preferential issue.

Warrants ConvertedFund Raising View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹381.35

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₹380.80

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AI summary

Gretex Corporate Services Ltd has received board approval to allot 19,51,000 Fully Convertible Warrants to 5 non-promoter investors for Rs. 69.85 crore (approximately Rs. 358 per warrant). Each warrant is convertible into 1 equity share of face value Rs. 10 within 18 months from allotment date. The allottees include Ambition Tie-Up Private Limited (12,01,000 warrants), Zyana Developers LLP (5,00,000 warrants), Shailja Sandeep Jindal (1,00,000 warrants), and two Makharia family members (75,000 each). This is a cash consideration preferential allotment. The filing is a revision correcting typographical errors in warrant numbers for allottees 2 and 3 from a prior disclosure.

Likely market impact

The warrant issuance will dilute equity when converted but brings in Rs. 69.85 crore capital. One allottee (Ambition Tie-Up) will be reclassified to Promoter Group post-conversion, signaling potential change in control structure.