Gretex Corporate Services issues postal ballot corrigendum

1 min read     Updated on 20 May 2026, 07:33 AM
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Gretex Corporate Services disclosed a corrigendum to its Postal Ballot Notice dated May 07, 2026, following observations from the NSE on May 13, 2026. The modifications pertain to the Explanatory Statement of Item No. 2 and were published in Financial Express and Pratalkal on May 19, 2026.

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Gretex Corporate Services Limited has filed a disclosure with the stock exchanges regarding a corrigendum to its Postal Ballot Notice dated May 07, 2026. The corrigendum was issued pursuant to observations received from the National Stock Exchange of India Limited (NSE) on May 13, 2026, vide reference number NSE/LIST/55077.

Background of the Corrigendum

The company stated that certain modifications were required to be incorporated in the Explanatory Statement of Item No. 2, which had been circulated to the members of the company on May 07, 2026. Consequently, the corrigendum was published in two newspapers, Financial Express (English) and Pratalkal (Marathi), on May 19, 2026.

Key Details of the Disclosure

The salient points of the regulatory filing are summarised below:

Parameter Details
Disclosure Date May 19, 2026
Regulation Regulation 30 of SEBI (LODR) Regulations, 2015
Original Postal Ballot Notice Date May 07, 2026
NSE Observation Reference NSE/LIST/55077
NSE Observation Date May 13, 2026
Modified Section Explanatory Statement of Item No. 2
Newspapers Published In Financial Express (English), Pratalkal (Marathi)
Compliance Officer Bhavna Desai, Group Company Secretary & Compliance Officer (M. No.: A31586)

Scope and Availability

Gretex Corporate Services clarified that all other content and information mentioned in the original Postal Ballot Notice remain unchanged. The notice must be read in conjunction with the corrigendum. The document has been sent to all shareholders and is available on the company's website in the investor relations section under disclosures. The filing was made by Bhavna Desai, Group Company Secretary and Compliance Officer, on behalf of the Board.

Historical Stock Returns for Gretex Corporate Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.85%-0.75%+11.32%+6.09%+23.53%+23.53%

What specific modifications were required in Item No. 2's Explanatory Statement, and how might they impact shareholder voting decisions in the postal ballot?

Could NSE's intervention and the subsequent corrigendum signal heightened regulatory scrutiny on Gretex Corporate Services' future corporate actions?

How might the delay caused by the corrigendum affect the timeline and outcome of the postal ballot resolution being voted upon?

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Gretex FY26 Net Profit Rises 4% to ₹1,299.59 Lakh

1 min read     Updated on 20 May 2026, 07:10 AM
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Gretex Corporate Services Limited reported a 4% increase in standalone net profit to ₹1,299.59 lakh for FY26, with revenue rising to ₹3,309.65 lakh. The Board proposed a final dividend of 0.70 paise per share. Consolidated net profit surged to ₹2,792.84 lakh from ₹181.52 lakh in the previous year.

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Gretex Corporate Services Limited has announced its audited standalone financial results for the fiscal year ended March 31, 2026. The company reported a net profit of ₹1,299.59 lakh for the year, marking an increase from ₹1,249.46 lakh in the previous fiscal year. Revenue from operations rose to ₹3,309.65 lakh, up from ₹2,069.80 lakh in the corresponding period of the previous year.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹214.06 lakh. Revenue from operations for the quarter stood at ₹603.50 lakh. Total income for the fiscal year was reported at ₹3,367.06 lakh, while total expenses for the same period amounted to ₹1,420.05 lakh.

Financial Performance

The company's earnings per share (EPS) for the year ended March 31, 2026, was reported at ₹5.53 on a basic and diluted basis. This compares to a basic EPS of ₹5.55 and a diluted EPS of ₹5.49 in the previous year. The paid-up equity share capital as of March 31, 2026, was ₹2,415.93 lakh.

Metric Year Ended 31.03.2026 (₹ in Lakhs) Year Ended 31.03.2025 (₹ in Lakhs)
Revenue from Operations 3,309.65 2,069.80
Total Income 3,367.06 3,436.71
Total Expenses 1,420.05 1,953.61
Net Profit for the Period 1,299.59 1,249.46

Dividend Declaration

The Board of Directors at its meeting held on May 07, 2026, has proposed a final dividend of 0.70 paise per equity share. The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors in the meeting held on May 07, 2026.

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹2,792.84 lakh for the year ended March 31, 2026, compared to ₹181.52 lakh in the previous year. Total consolidated revenue from operations for the year was ₹17,851.60 lakh. The basic and diluted EPS for the consolidated results stood at ₹11.89 for the fiscal year.

Historical Stock Returns for Gretex Corporate Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.85%-0.75%+11.32%+6.09%+23.53%+23.53%

What strategic initiatives is Gretex Corporate Services planning to sustain the 60% revenue growth momentum in FY2027, particularly given the significant gap between standalone and consolidated performance?

How might Gretex Corporate Services deploy its strong consolidated profit of ₹2,792.84 lakh — a 15x jump — through acquisitions or expansion into new financial services segments?

Given the proposed dividend of only ₹0.70 per share against an EPS of ₹5.53, what is the company's capital allocation strategy for retained earnings in the near term?

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1 Year Returns:+23.53%