Postal ballot: 4 resolutions passed; subsidiary sales to promoter family approved
GRETEX · price
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Awaiting price reaction for this filing.
Gretex Industries held postal ballot e-voting ending Oct 9, 2026. All 4 special resolutions passed unanimously. Resolutions 1-3 approve sale of full stake in 3 subsidiaries (Gretex RS Properties, Gretex Aran Properties, Sunview Nirman) to Harlalka family. 26 members voted 23.98 lakh shares in favor; 1.01 crore promoter votes invalid under SEBI. Resolution 4 approved preferential issue fund use, passed with 100% in favor.
Three subsidiaries sold to promoter family (Harlalka group) as related party deals, approved by minority shareholders. Watch for valuation and pricing disclosures.