Gretex Corporate Services Approves Audited Results, Reappoints Auditors, Recommends 7% Final Dividend
Gretex Corporate Services approved audited financial results for FY ended March 31, 2026. The Board recommended a final dividend of 7% (₹0.70 per share). The 18th AGM is on July 31, 2026. The company will also issue 19,51,000 warrants on preferential basis for ₹69.85 crore.
The preferential issue of warrants for a substantial amount and the dividend recommendation are material events impacting the company's financials and shareholder returns, thus having a high impact.
The approval of audited financial results, recommendation of a final dividend, and the significant preferential issue of warrants contribute to a positive sentiment.
Gretex Corporate Services Limited announced the outcome of its Board Meeting held on May 07, 2026. The Board considered and approved the Audited Financial Results (Consolidated and Standalone) for the quarter and financial year ended March 31, 2026, along with the Statutory Auditor’s Reports. A declaration by the CFO confirmed the audit reports have an unmodified opinion.
The Board also approved the re-appointment of M/s. Jay Gupta & Associates as Joint Statutory Auditors for a second term of five consecutive years, from the conclusion of the 18th Annual General Meeting (AGM) until the 23rd AGM, subject to shareholder approval. The resignation of RKN & Co as Secretarial Auditor, effective May 07, 2026, was accepted.
M/s. D.A. Kamat & Co was appointed as the new Secretarial Auditor for a term of five consecutive years from FY 2026-27 to FY 2030-31, subject to shareholder approval at the upcoming 18th AGM. Ajmera & Ajmera has been re-appointed as the Internal Auditor for the Financial Year 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% on equity shares (₹0.70 per share) for the financial year ended March 31, 2026, subject to shareholder approval. 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.
Furthermore, the Board approved an increase in the authorized share capital from ₹24.20 crore to ₹26.50 crore, subject to member approval. In a significant move, the Board also approved the creation, issue, and allotment of up to 19,51,000 Fully Convertible Warrants on a preferential basis to five identified non-promoter category investors. Each warrant is convertible into one equity share at ₹358.00 per warrant within 18 months of allotment, for a total consideration of approximately ₹69.85 crore.
The appointment of M/s D.A. Kamat & Co as Scrutinizer for the postal ballot and 18th AGM voting process was also approved. The Board meeting commenced at 04:56 p.m. and concluded at 06:15 p.m.
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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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