Gretex Corporate Services Gets In-Principle Approval for Preferential Issue of 1 Lakh Warrants
Gretex Corporate Services Limited received in-principle approval from NSE and BSE for a preferential issue of 1,00,000 warrants convertible into equity shares at not less than ₹300 per share to non-promoters. The approval is subject to various regulatory compliances.
The preferential issue is a significant event for fundraising and potential dilution, impacting the company's capital structure and shareholder value.
The company has received in-principle approval from stock exchanges for a preferential issue, which is a positive development for fundraising.
Gretex Corporate Services Limited has received in-principle approval from NSE Limited and BSE Limited for the preferential issue of 1,00,000 warrants, convertible into an equal number of equity shares. Each warrant has a face value of ₹10 and will be issued at a price not less than ₹300 per share to non-promoters.
The approval from NSE was granted on January 22, 2026, vide letter NSE/LIST/51930, and from BSE on the same date, vide letter LOD/PREF/MV/FIP/1573/2025-26. Both stock exchanges have stipulated conditions for the approval, including the filing of a listing application post-allotment, obtaining all necessary statutory and regulatory approvals, and ensuring compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable laws.
The company has also been advised to strengthen internal controls to monitor trades by proposed allottees and to obtain an undertaking from them confirming they will not engage in intra-day trading or sell shares until the allotment date, as per SEBI (Issue of Capital and Disclosure Requirements) Regulations. The responsibility for verifying these compliances lies solely with Gretex Corporate Services Limited.
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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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See the model portfoliosA plain-language summary of a public exchange filing by Gretex Corporate Services Limited. Read the original for the full detail.