Gretex Corporate Services Amends MOA to Increase Authorized Share Capital to Rs. 26.50 Crores

1 min read     Updated on 08 May 2026, 06:31 PM
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Gretex Corporate Services Limited has amended Clause V of its Memorandum of Association, increasing authorized share capital from Rs. 24,20,00,000 to Rs. 26,50,00,000 and the number of equity shares from 2,42,00,000 to 2,65,00,000 at a face value of ₹10 each. The shareholder-approved amendment was disclosed to BSE and NSE on May 07, 2026, in compliance with SEBI Listing Regulations.

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Gretex Corporate Services Limited has notified the stock exchanges of a key corporate development — an amendment to the Capital Clause of its Memorandum of Association (MOA). The company's shareholders have approved the substitution of Clause V of the MOA, resulting in an increase in the authorized share capital. The intimation was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is dated May 07, 2026.

Amendment to Capital Clause of MOA

The amendment pertains specifically to Clause V of the MOA, which governs the authorized share capital structure of the company. As per the disclosure, shareholders have approved the substitution of the earlier clause with a revised one reflecting an enhanced capital base. The revised clause increases both the total authorized capital and the number of equity shares the company is permitted to issue.

The following table outlines the key changes made to Clause V of the MOA:

Parameter: Earlier Clause Amended Clause
Authorized Share Capital (Amount): Rs. 24,20,00,000 (Rupees Twenty-Four Crores Twenty Lakhs Only) Rs. 26,50,00,000 (Rupees Twenty-Six Crores Fifty Lakhs Only)
Number of Equity Shares: 2,42,00,000 (Two Crore Forty Two Lakh Only) 2,65,00,000 (Two Crore Sixty Five Lakh Only)
Face Value per Share: ₹10 (Rupees Ten Only) ₹10 (Rupees Ten Only)

Regulatory Compliance

The intimation has been filed in accordance with the applicable SEBI listing regulations, ensuring transparency and timely disclosure to the exchanges. The communication was signed by Bhavna Desai, Group Company Secretary and Compliance Officer (Membership No.: A31586), on behalf of Gretex Corporate Services Limited. The filing was submitted to both BSE Limited and NSE Limited on May 07, 2026.

Historical Stock Returns for Gretex Corporate Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.74%+4.45%+11.31%+46.72%+19.11%+19.11%

How does Gretex Corporate Services plan to utilize the additional 23 lakh equity shares enabled by the authorized capital increase — through a rights issue, preferential allotment, or QIP?

What impact could the potential dilution from the expanded authorized capital have on existing shareholders' equity and the company's earnings per share?

Are there any upcoming fundraising or acquisition plans that may have prompted Gretex Corporate Services to increase its authorized share capital at this point in time?

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Gretex Corporate Services Signs Mandate with Maharashtra-Based EV Company for Stock Exchange Listing

1 min read     Updated on 07 May 2026, 02:55 AM
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Gretex Corporate Services Limited signed a mandate with a Maharashtra-based electric vehicles manufacturing and distribution company for a proposed listing on the SME Platform of BSE or the Emerge Platform of NSE. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015 on May 06, 2026, and was submitted by Compliance Officer Bhavna Desai (Membership No. A31586).

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Gretex Corporate Services Limited has signed a mandate with a company engaged in the manufacturing and distribution of electric vehicles and related components, based in Maharashtra. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to the stock exchanges on May 06, 2026.

Mandate Details

The key details of the mandate are outlined below:

Parameter: Details
Client Company Sector: Manufacturing & Distribution of Electric Vehicles and Related Components
Client Company Location: Maharashtra
Proposed Listing Platform: SME Platform of BSE or Emerge Platform of NSE
Disclosure Regulation: Regulation 30 of SEBI (LODR) Regulations, 2015
Date of Intimation: May 06, 2026

Regulatory Disclosure

The intimation was filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed entities to disclose material developments to the stock exchanges in a timely manner. The disclosure was signed and submitted by Bhavna Desai, Group Company Secretary and Compliance Officer of Gretex Corporate Services Limited, bearing Membership No. A31586.

Proposed Listing

The client company, operating in the electric vehicles manufacturing and distribution space, is proposed to be listed on either the SME Platform of BSE or the Emerge Platform of NSE. The mandate signals Gretex Corporate Services' continued activity in providing investment banking and listing advisory services to companies in the emerging manufacturing sector.

Historical Stock Returns for Gretex Corporate Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.74%+4.45%+11.31%+46.72%+19.11%+19.11%

How might the increasing competition in India's EV SME listing space affect the valuation multiples and investor appetite for this Maharashtra-based EV manufacturer's IPO?

Could this mandate signal a broader trend of EV component manufacturers in Maharashtra seeking capital market access, and what does this mean for Gretex's investment banking pipeline?

What regulatory or policy tailwinds from India's EV adoption targets could influence the success of this company's listing on BSE SME or NSE Emerge platforms?

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1 Year Returns:+19.11%