Gretex Corporate Services Limited has issued a revised disclosure regarding its Board Meeting held on May 07, 2026, to correct typographical errors in a previous filing. The company clarified the specific number of equity warrants allocated to certain allottees while maintaining that all other details from the original announcement remain unchanged. This administrative update ensures regulatory accuracy for its ongoing capital raising activities.

The Board of Directors approved the allotment of 19,51,000 fully convertible warrants on a preferential basis. These warrants, each having a face value of ₹10, are issued at a price of ₹358.00 per warrant, aggregating to a total investment of approximately ₹69.85 Crores. The allottees, classified under the Non-Promoter Public Category, include Ambition Tie-Up Private Limited, Zyana Developers LLP, and Shailja Sandeep Jindal, among others. These warrants are convertible into equity shares within 18 months from the date of allotment.

Gretex Corporate Services is a diversified financial services provider specializing in merchant banking, including SME IPO management and listing advisory. In early 2026, the company actively signed mandates for listing Maharashtra-based electric vehicle manufacturers and multi-brand retail companies on the SME platforms of BSE and NSE. Additionally, the company recently amended its Memorandum of Association to increase its authorized share capital to ₹26.50 Crores to support further growth.

For the quarter ended December 2025, the company reported a consolidated revenue of ₹8.21 Crores. During this period, the net income stood at ₹2.35 Crores, reflecting a net profit margin of 28.62%. The company’s shareholding pattern as of late 2025 showed that Bonanza Agency LLP and Talent Investment Company Private Limited held significant stakes of approximately 44.88% and 12.07% respectively. Institutional interest remained limited, with Foreign Institutional Investors (FII) holding a marginal stake of about 1.2% as of the March 2026 quarter.