Gretex Corporate Services Limited has issued a clarification regarding its proposed preferential issue of 1,00,000 Equity Warrants. The issue price is set at ₹300 per warrant, with a premium of ₹290.

The company clarified that Regulation 166A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, is not applicable to this preferential issue, as it does not result in any change of control nor exceeds 5% of the post-issue fully diluted share capital. The reference to this regulation in the Postal Ballot Notice dated December 13, 2025, was a precautionary disclosure.

The proceeds from the preferential issue will be utilized to support the company's business operations and strategic initiatives, specifically for meeting working capital requirements. The upfront 25% amount received upon allotment of warrants will be utilized during FY 2025–26, post-receipt of requisite approvals. The balance amount, upon conversion of warrants into equity shares, will be utilized during FY 2026–27.

Gretex Corporate Services Limited has also voluntarily obtained a valuation report from an independent registered valuer to uphold good governance, even though the proposed allotment is below 5% of the post-issue share capital.