Gretex Corporate Services Limited has allotted 5,55,167 equity warrants on a preferential basis to Ambition Tie-Up Private Limited, raising approximately ₹19.87 crore. The allotment, executed on August 10, 2026, represents the first tranche of a larger approved issuance aimed at strengthening capital structure through promoter participation. The warrants were issued at a premium to face value, reflecting the negotiated terms between the company and its promoter group.

The Board of Directors approved the allotment via a circular resolution dated August 10, 2026. This action follows earlier disclosures made on May 07, 2026, regarding board approval, and June 06, 2026, concerning shareholder approval for the overall issue of 19,51,000 warrants. The current allotment constitutes only a portion of the total authorized warrants, indicating that further tranches may be issued to other categories of investors as per the original approval.

The transaction complies with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, commonly known as the SEBI ICDR Regulations. It also adheres to the provisions of the Companies Act, 2013, and associated rules. The disclosure was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with market regulators and investors.

Each warrant carries a face value of ₹10. The significant difference between the face value and the issue price of ₹358 highlights the premium nature of this corporate action. Post-allotment, Ambition Tie-Up Private Limited is categorized under the Promoter Group, reinforcing insider confidence in the company’s future prospects. The investment amount exceeds 25% of the consideration for this specific tranche, marking it as a substantial single-entity subscription.

Capital Raising Context

This allotment is part of a broader capital raising exercise where Gretex Corporate Services Limited secured approvals for issuing 19,51,000 warrants in total. The initial tranche targeting the Promoter Group suggests a strategy to secure foundational support before potentially opening subsequent tranches to non-promoter investors. Such structured issuances allow companies to manage dilution carefully while ensuring committed funding from key stakeholders.

The proceeds from this warrant issue will contribute to the company’s working capital or specific project requirements as outlined in the original offer document. By locking in promoter investment first, Gretex Corporate Services Limited demonstrates alignment between management interests and shareholder value creation. The remaining warrants from the approved pool remain available for future allocation, providing flexibility in capital management.

Gretex Corporate Services Limited reported consolidated revenue from operations of ₹1,785 Mn for the quarter ended June 30, 2026 (Q1FY27). The SEBI-registered Category-I Merchant Banker posted a net profit of ₹276 Mn for the period, reflecting stable performance in its capital markets advisory and transaction execution business.

The filing was submitted to the National Stock Exchange of India Limited and BSE Limited on August 08, 2026, pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bhavna Desai, Group Head – Legal, Company Secretary & Compliance Officer, signed the submission.

Financial Performance

The company’s financial results for FY24–FY26 highlight the trajectory of its consolidated operations. Revenue from operations grew significantly from ₹1,090 Mn in FY24 to ₹2,589 Mn in FY25, before settling at ₹1,785 Mn in FY26. Operating expenses followed a similar trend, rising to ₹2,576 Mn in FY25 before decreasing to ₹1,358 Mn in FY26.

Profit Before Tax (PBT) stood at ₹394 Mn in FY26, compared to ₹50 Mn in FY25 and ₹471 Mn in FY24. The tax provision for FY26 was ₹118 Mn.

Balance Sheet Position

As of FY26, Gretex Corporate Services Limited reported total assets of ₹2,441 Mn. Non-current assets decreased to ₹950 Mn from ₹1,725 Mn in FY25, primarily due to changes in financial assets and deferred tax assets. Current assets rose to ₹1,491 Mn in FY26, driven by an increase in inventories to ₹1,340 Mn and trade receivables to ₹100 Mn.

On the liabilities side, shareholders’ fund stood at ₹2,187 Mn in FY26. Total current liabilities increased to ₹217 Mn, with short-term borrowings at ₹103 Mn and lease liabilities at ₹12 Mn. Cash and cash equivalents saw a net decrease of ₹106 Mn in FY26.

What the Numbers Show

The normalization of margins in FY26 is a key development for investors. The presentation notes that the margin dip in FY25 was non-recurring, driven by the scale-up of low-margin, high-volume market-making activities which inflated revenue at wafer-thin spreads. In contrast, the core fee-based merchant-banking business remained profitable throughout. This shift suggests a stabilization of profitability as the company balances its diversified service portfolio across merchant banking, broking, and wealth services.

Operational Highlights

Gretex continues to leverage its presence in Mumbai and Kolkata to execute deals across multiple sectors. With over 200 total transactions executed historically, the firm has established itself as a top volume performer on the BSE. The company migrated to the mainboard in September 2025 and has mobilized approximately ₹495 crore through 11 IPOs in recent periods. The forward pipeline indicates continued visibility in primary issuances, supported by deepening domestic flows in India’s capital markets.