Gretex Corporate Services Limited Corrects Valuation Report for Preferential Issue
Gretex Corporate Services Limited has revised its valuation report for a preferential issue of 1,00,000 Equity Warrants due to a computational error in the 90-day VWAP. The 90-day VWAP was adjusted from ₹281.30 to ₹278.42, while the 10-day VWAP remained ₹293.45. The issue price of ₹300 per warrant is unchanged and compliant with SEBI regulations.
The core issue price for the preferential allotment remains unchanged. The revision was a correction of a computational error in the VWAP, which did not alter the final issue price. Therefore, the impact on the company's financials or market perception is likely to be minimal.
The announcement pertains to a correction in a valuation report due to a computational error. While the error has been rectified and the issue price remains unchanged, the initial error and the need for correction introduce a neutral sentiment as it does not provide a clear positive or negative development.
Gretex Corporate Services Limited has issued an addendum to its valuation report concerning the preferential issue of 1,00,000 Equity Warrants. This addendum addresses an inadvertent computational error identified in the Volume Weighted Average Price (VWAP) calculation for 90 trading days prior to the relevant date.
The original valuation report, approved by the Board on November 13, 2025, and shareholders on December 13, 2025, has been revised. The registered valuer has recalculated the VWAP for both 90 and 10 trading days. The VWAP for 90 trading days has been revised from ₹281.30 to ₹278.42, while the VWAP for 10 trading days remains unchanged at ₹293.45. Consequently, the higher of the two VWAPs also remains ₹293.45.
Despite the revision in the 90-day VWAP, the issue price of ₹300 per Equity Warrant remains in compliance with SEBI ICDR Regulations. A certificate from a Practicing Company Secretary (PCS) confirms that the issue price is unchanged and that the company is in compliance with the regulations. The addendum to the valuation report and the PCS certificate are available on the company's website for shareholders' reference.
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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 low impact, the band that almost never moves a portfolio on its own.
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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.