Gretex Corporate Services Limited (GCSL) 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, both consolidated and standalone. Key personnel changes and appointments were also confirmed. M/s. Jay Gupta & Associates were re-appointed as Joint Statutory Auditors for a second term of five years, commencing from the upcoming 18th Annual General Meeting (AGM). The resignation of Secretarial Auditor, RKN & Co, effective May 07, 2026, was accepted. M/s. D.A. Kamat & Co were appointed as the new Secretarial Auditor for a five-year term from FY 2026-27 to FY 2030-31. Ajmera & Ajmera were re-appointed as Internal Auditors for FY 2026-27. The 18th AGM of the Company will be held on Friday, July 31, 2026, at 04:00 P.M. IST. 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 this dividend is Friday, July 17, 2026, with book closure from July 17 to July 31, 2026. Furthermore, the Board approved an increase in the Authorised Share Capital from ₹24.20 crore to ₹26.50 crore. In a significant move, the company also approved the issue of up to 19,51,000 Fully Convertible Warrants on a preferential basis to non-promoter category investors for a cash consideration of ₹358.00 per warrant, aggregating up to ₹69.85 crore. These warrants are convertible into equity shares within 18 months from allotment. The meeting commenced at 04:56 p.m. and concluded at 06:15 p.m.
