Gretex Corporate Services Approves Allotment of 19.51 Lakh Warrants for ₹69.85 Crore
Gretex Corporate Services Limited approved the allotment of 19,51,000 convertible warrants for ₹69.85 crore. The issue price is ₹358 per warrant. Warrants are convertible into equity shares within 18 months. Key allottees include Ambition Tie-Up Private Limited and Zyana Developers LLP.
The preferential allotment of warrants for ₹69.85 crore is a material event that can impact the company's capital structure and potentially dilute existing shareholding. The funds raised are expected to support business growth.
The company is raising significant capital through a preferential allotment of warrants, which is generally viewed positively as it can strengthen the company's financial position and fund growth initiatives.
Gretex Corporate Services Limited has announced a revised outcome of its Board Meeting held on May 07, 2026. The revision addresses a typographical error in the previous disclosure concerning the number of equity warrants. The Board has approved the allotment of 19,51,000 Fully Convertible Warrants, with each warrant convertible into one equity share of face value ₹10. The warrants are to be issued on a preferential basis for cash consideration and are convertible into equity shares within 18 months from the date of allotment.
The total amount raised through this preferential issue is approximately ₹69.85 crore (₹69,84,58,000). The issue price for each warrant is ₹358.00.
The proposed allottees are from the Non-Promoter category. Key allottees include Ambition Tie-Up Private Limited, receiving 12,01,000 warrants for ₹42.99 crore; Zyana Developers LLP, receiving 5,00,000 warrants for ₹17.90 crore; Shailja Sandeep Jindal, receiving 1,00,000 warrants for ₹3.58 crore; Gautam Gopi Kishan Makharia, receiving 75,000 warrants for ₹2.68 crore; and Punit GopiKishan Makharia, also receiving 75,000 warrants for ₹2.68 crore. Post-allotment, these allottees will be categorized under the Promoter Group.
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Gretex Corporate Services Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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