Gretex Corporate Services Ltd — Important, 08-05-2026: Company Update

Gretex Corporate Services's board approved the allotment of 19.51 lakh fully convertible warrants at an issue price of Rs. 358 each, aggregating Rs. 69.85 crore. Each warrant is convertible into one equity share within 18 months. Five investors, largely non-promoters, were allotted these warrants. Notably, Ambition Tie-Up Private Limited, receiving 12.01 lakh warrants (worth Rs. 43 crore), will be reclassified into the promoter group after share conversion. This preferential issue brings fresh capital to the company.