Gretex Corporate Services Approves FY26 Results, Reappoints Auditors, Declares 7% Dividend
Gretex Corporate Services Limited approved FY26 audited results and recommended a 7% final dividend. The company reappointed joint statutory auditors and appointed new secretarial and internal auditors. The 18th AGM is on July 31, 2026. A preferential issue of 19.51 lakh warrants for ₹69.85 crore was also approved.
The announcement includes the approval of financial results, dividend recommendation, significant re-appointments of auditors, and a substantial preferential issue of warrants, all of which are material events for investors.
The company reported audited financial results, recommended a dividend, and approved key re-appointments and a preferential issue, all indicating positive corporate actions and financial health.
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 an unmodified opinion from the statutory auditors.
The company also approved 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 18th Annual General Meeting (AGM) until the 23rd AGM. This re-appointment is subject to shareholder approval.
Furthermore, the Board accepted the resignation of M/s. RKN & Co as Secretarial Auditor, effective May 07, 2026. Subsequently, 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, also pending shareholder approval.
The Board approved the re-appointment of Ajmera & Ajmera as Internal Auditors for the Financial Year 2026-27.
The 18th AGM of the company is scheduled for Friday, July 31, 2026, at 04:00 PM IST in Mumbai. 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 the dividend is Friday, July 17, 2026, and the book closure is from July 17 to July 25, 2026. The dividend, if approved, will be paid within 30 days of its declaration.
Additionally, the Board approved an increase in the authorized share capital from ₹24.20 crore to ₹26.50 crore, subject to shareholder approval. The company also approved the issuance of 19,51,000 fully convertible warrants on a preferential basis to five identified non-promoter investors for a cash consideration of ₹358 per warrant, aggregating up to ₹69.85 crore. Each warrant is convertible into one equity share within 18 months of allotment.
M/s. D.A. Kamat & Co was appointed as the Scrutinizer for the postal ballot and the 18th AGM. The Board meeting commenced at 04:56 PM and concluded at 06:15 PM.
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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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