Gretex Industries Limited — Others, 20-08-2025: Shareholders meeting

Gretex Industries Limited's shareholders have approved all nine resolutions at its 16th Annual General Meeting. Key outcomes include adopting the audited financial statements for FY25 and re-appointing Ms. Rajkumari Harlalka as Managing Director, ensuring leadership continuity. Shareholders also granted the company greater financial flexibility by approving increased limits for internal lending and external investments, setting each at 500 Cr. Further approvals cover material related party transactions, altering the Memorandum of Association for business expansion, and providing enhanced performance incentives of 1 Cr each to key directors. Significantly, in-principle approval was given for a strategic acquisition/takeover of an NBFC, signaling a major diversification into financial services.