Gretex Corporate Services shareholders approved a final dividend of ₹0.70 per equity share for FY26, alongside the re-appointment of its statutory auditor, at its 18th Annual General Meeting (AGM) held on July 31, 2026. The resolutions were passed unanimously by members holding shares as of the record date, July 24, 2026, reflecting strong shareholder support for the company’s governance and capital distribution plans.

The AGM, convened under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, saw participation from 2,382 shareholders. Voting was conducted via remote e-voting, venue e-voting, and physical ballot papers, with Ms. Rachana Shanbhag of D.A. Kamat & Co serving as the independent scrutinizer. The total number of votes polled across all resolutions was 16,326,393, representing approximately 67.58% of the outstanding shares.

Key Resolutions Passed

Shareholders approved six ordinary resolutions during the meeting. The most significant financial outcome was the declaration of the final dividend. Additionally, the Board’s proposal to re-appoint M/S Jay Gupta & Associates (FRN 329001E) as Joint Statutory Auditor for a second term of five years was ratified without dissent. Mr. Alok Harlalka was also re-appointed as Director by rotation.

Related Party Transaction Voting Disclosure

For Resolution No. 5, concerning the approval of Related Party Transactions, votes cast by the Promoter and Promoter Group were treated as invalid or abstained due to conflict of interest. Specifically, 14,891,621 votes from promoter entities and 24 ballot paper votes were excluded from the valid vote count. Consequently, the resolution was passed based on 1,434,748 valid votes from public shareholders, all of which were in favour.

Governance and Compliance

The remote e-voting facility was open from July 28, 2026, to July 30, 2026. The scrutinizer’s report, dated August 3, 2026, confirmed that the voting process complied with Sections 108 and 109 of the Companies Act, 2013. D.A. Kamat & Co was also appointed as the Secretarial Auditor for a term of five years starting from FY27, reinforcing the company’s commitment to regulatory compliance.

Gretex Corporate Services reported a consolidated net profit of ₹12.8 crore for the quarter ended June 30, 2026 (Q1FY27), marking a significant turnaround from the ₹0.96 crore profit recorded in Q1FY26. The company's consolidated revenue from operations surged 68% year-on-year to ₹38.1 crore, driven by strong performance across its business segments. Adding to the strong headline numbers, the company's EBITDA rose sharply to 171m Rupees from 18m Rupees in the year-ago period, with the EBITDA margin expanding significantly to 45.66% from 8.28% in Q1FY26. This growth trajectory signals renewed momentum for the corporate services provider as it enters the new fiscal year.

The Board of Directors approved the unaudited financial results on July 31, 2026, following a review by the Audit Committee. The results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Joint Statutory Auditors conducted a limited review of the accounts, issuing an unmodified review report.

Financial Performance Highlights

The company's financial metrics show distinct trends between its consolidated and standalone operations. While the consolidated entity saw substantial growth, the standalone parent company reported modest gains. The following table summarises the key financial metrics across both reporting levels:

Consolidated earnings per share (EPS) stood at ₹3.97, a sharp increase from ₹0.42 in the previous year's corresponding quarter. In contrast, standalone revenue grew marginally by 1.5% to ₹505.33 lakh, with standalone net profit rising to ₹210.14 lakh from ₹38.85 lakh.

EBITDA and Margin Expansion

One of the standout developments in the latest quarter is the sharp improvement in operating profitability. The table below highlights the EBITDA performance on a year-on-year basis:

The EBITDA margin expansion of over 37 percentage points year-on-year reflects a substantial improvement in operating efficiency and cost management. The scale-up in revenue, combined with controlled operating expenses, has driven this notable margin re-rating for the company.

What the Numbers Show

The divergence between consolidated and standalone results highlights the contribution of subsidiaries to Gretex Corporate Services' overall profitability. The consolidated net profit before tax was ₹16.8 crore, compared to ₹1.5 crore in Q1FY26. This indicates that the primary drivers of growth are located within the group companies rather than the holding entity itself. The tax rate remained stable, with after-tax profits reflecting the pre-tax surge accurately.

Equity share capital increased to ₹24.2 crore from ₹22.6 crore in the prior period, reflecting recent capital raises or bonus issues. Other equity reserves stood at ₹143.9 crore in the consolidated books, providing a solid financial cushion for future expansion or debt servicing.