Gretex Corporate Services Approves Audited Results, Dividend, and Preferential Issue
Gretex Corporate Services approved audited financial results for FY ended March 31, 2026. Recommended a final dividend of 7% (₹0.70 per share). Approved a preferential issue of 19,51,000 warrants for ₹69.85 crore. The 18th AGM is on July 31, 2026.
The approval of audited financial results, dividend recommendation, and a significant preferential issue are material events that can impact the company's financial structure, share price, and investor sentiment.
The company reported audited financial results, recommended a dividend, and approved a preferential issue, all of which are generally positive developments for shareholders.
Gretex Corporate Services Limited announced the outcome of its Board Meeting held on May 07, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026, with a declaration of unmodified audit opinions.
The meeting also saw the approval for the re-appointment of M/s. Jay Gupta & Associates as Joint Statutory Auditors for a second term of five consecutive years, starting from the conclusion of the 18th Annual General Meeting (AGM) until the 23rd AGM. The company also accepted the resignation of RKN & Co as Secretarial Auditor, effective May 07, 2026, and approved the appointment of D.A. Kamat & Co as the new Secretarial Auditor for a term of five consecutive years from FY 2026-27 to FY 2030-31. Ajmera & Ajmera has been re-appointed as the Internal Auditor for FY 2026-27.
The 18th AGM is scheduled for Friday, July 31, 2026, at 04:00 PM IST. The Board recommended a final dividend of 7% (₹0.70 per equity share) for the financial year ended March 31, 2026, subject to shareholder approval at the AGM. The record date for this dividend is Friday, July 17, 2026, with book closure from July 17 to July 25, 2026. The dividend, if approved, will be paid within 30 days of its declaration.
Additionally, the company plans to increase its authorized share capital from ₹24.20 crore to ₹26.50 crore, subject to member approval. The Board also approved a preferential issue of 19,51,000 Fully Convertible Warrants, convertible into equity shares, for a cash consideration aggregating up to ₹69.85 crore. These warrants will be issued to five identified investors from the non-promoter category and are convertible within 18 months from allotment. The issue price for each warrant is ₹358.00. M/s D.A. Kamat & Co has been appointed as the Scrutinizer for the postal ballot and the 18th AGM.
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Gretex Corporate Services Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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