Gretex Corporate Services Limited announced the outcomes of its Board Meeting held on May 07, 2026. The board approved the audited financial results for the quarter and financial year ended March 31, 2026, both on a consolidated and standalone basis. 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 upcoming 18th Annual General Meeting (AGM) until the 23rd AGM. Additionally, the board accepted the resignation of RKN & Co as Secretarial Auditor, effective May 07, 2026, and approved the appointment of D.A. Kamat & Co as the new Secretarial Auditor for a term of five consecutive years from FY 2026-27 to FY 2030-31. Ajmera & Ajmera has been re-appointed as the Internal Auditor for the Financial Year 2026-27. The 18th AGM of the company is scheduled for Friday, July 31, 2026, at 04:00 P.M. in Mumbai. The Board recommended a final dividend of 7% on equity shares of face value ₹10 each, amounting to ₹0.70 per share, 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. Furthermore, the company's authorized share capital will be increased from ₹24.20 crore to ₹26.50 crore, subject to member approval. In a significant move, the board also approved the issuance of up to 19,51,000 fully convertible warrants on a preferential basis to five identified non-promoter investors for a total cash consideration of approximately ₹69.85 crore. Each warrant is convertible into one equity share at ₹358.00 within 18 months of allotment. The Board Meeting commenced at 04:56 p.m. and concluded at 06:15 p.m.
