Gretex Corporate Services Approves Final Dividend, Audited Results, and Preferential Issue of Warrants
Gretex Corporate Services approved audited financial results for FY26, a final dividend of 7% (₹0.70/share), and a preferential issue of 19.51 lakh warrants worth ₹69.85 crore. The 18th AGM is on July 31, 2026. Key auditor re-appointments and an increase in authorized capital were also approved.
The announcement includes the approval of financial results, a dividend recommendation, and a substantial preferential issue of warrants, which will impact the company's capital structure and future equity. The AGM and auditor appointments are also material events.
The approval of audited financial results, a recommended final dividend, and a significant preferential issue for fundraising indicate positive developments for the company. Re-appointments of auditors and an increase in authorized capital also suggest stability and growth.
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 for the quarter and financial year ended March 31, 2026, along with the statutory auditor's reports.
The meeting also saw the re-appointment of M/s. Jay Gupta & Associates as Joint Statutory Auditors for a second term of five consecutive years, commencing from the conclusion of the upcoming 18th Annual General Meeting (AGM) until the conclusion of the 23rd AGM, subject to shareholder approval. Additionally, the resignation of RKN & Co as Secretarial Auditor, effective May 07, 2026, was noted.
Further, the Board approved the appointment of M/s. D.A. Kamat & Co as the new Secretarial Auditor for a term of five consecutive years from FY 2026-27 to FY 2030-31, and the re-appointment of Ajmera & Ajmera as the Internal Auditor for the Financial Year 2026-27. Both appointments are subject to shareholder approval at the ensuing 18th AGM.
The 18th AGM is scheduled to be held on Friday, July 31, 2026, at 04:00 P.M. IST. The Board recommended a final dividend of 7% (₹0.70 per equity share of face value ₹10) 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.
In other significant decisions, the Board approved an increase in the Authorized Share Capital from ₹24.20 crore to ₹26.50 crore, subject to shareholder approval. Furthermore, the company approved the creation, issue, and allotment of 19,51,000 Fully Convertible Warrants on a preferential basis to non-promoter category investors for a cash consideration of ₹358.00 per warrant, aggregating up to ₹69.85 crore. These warrants are convertible into equity shares within 18 months from the allotment date. The appointment of M/s D.A. Kamat & Co as Scrutinizer for the postal ballot and the 18th AGM 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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