Gretex Corporate Services has released its Integrated Annual Report for the financial year ended March 31, 2026, and issued the notice for its Eighteenth Annual General Meeting scheduled for Friday, July 31, 2026, at 4:00 p.m. IST at its registered office in Mumbai. The company, a SEBI-registered Category I Merchant Banker listed on the Main Boards of BSE Limited and NSE, has fixed Friday, July 17, 2026, as the record date to determine members entitled to receive the final dividend of Rs 0.70 per equity share of face value Rs 10 each, as recommended by the Board at its meeting held on May 07, 2026. Shareholders must ensure their bank account details are updated, as dividend payments will be processed exclusively in electronic mode following a regulatory amendment effective November 19, 2025.

Financial Performance

Gretex Corporate Services delivered a strong standalone performance in FY2025-26, with Revenue from Operations growing 59.9% to ₹3,309.65 Lakhs. Profit Before Tax rose 31.28% to ₹1,947.01 Lakhs, while Profit After Tax increased to ₹1,299.59 Lakhs from ₹1,249.46 Lakhs in the previous year. The following table summarises the standalone and consolidated financial highlights:

On a consolidated basis, gross income stood at ₹17,908.09 Lakhs, while consolidated Profit Before Tax surged 682.12% to ₹3,939.85 Lakhs. The company reported total shareholders' equity of ₹22,015.46 Lakhs on a standalone basis, a 47.9% increase, and is effectively debt-free as at March 31, 2026, with total borrowings of ₹18.39 Lakhs. Operating cash inflow improved substantially to ₹1,265.11 Lakhs from ₹31.20 Lakhs in the previous year.

Operational Highlights and IPO Portfolio

A landmark development during the year was the company's successful migration from the SME Platform of BSE Limited to the Main Board of BSE Limited and the National Stock Exchange of India Limited, with effect from September 4, 2025. The company also ascended into the Top 5 SME Merchant Bankers in India. During FY2025-26, Gretex executed 11 IPO listings on the SME platforms of BSE and NSE Emerge, 3 Open Offer transactions, 1 Delisting assignment, and 25 Valuation assignments. Total capital mobilised across the 11 IPO transactions was approximately ₹495 crores, with an average issue size of ₹45.03 crores. The following table details the FY2026 IPO transaction portfolio:

Since its first SME IPO mandate in FY2017, Gretex has built a cumulative portfolio of 62 completed transactions, mobilising approximately ₹1,530 crores in aggregate capital for Indian SMEs. The company has also become 100% Debt Free on a consolidated basis.

Share Capital and Dividend

During FY2025-26, the company allotted 1,07,23,802 equity shares as a bonus issue in the ratio of 9:10, and 8,00,000 equity shares upon conversion of warrants originally issued on a preferential basis. Additionally, 1,00,000 equity warrants were issued at ₹300 per warrant on a preferential basis. As on March 31, 2026, the Issued, Subscribed and Paid-up Equity Share Capital stands at Rs 24,15,93,460 divided into 2,41,59,346 equity shares of face value Rs 10 each. The Board has recommended a final dividend of Rs 0.70 per equity share, aggregating to Rs 169.16 Lakhs, subject to shareholder approval at the AGM.

AGM and E-Voting Schedule

The notice of the AGM and the Annual Report for FY2025-26 will be sent electronically to members with registered email addresses and hosted on the company's website. Members can exercise their voting rights remotely through Bigshare Services Private Limited. The Register of Members and Share Transfer Books will remain closed from Saturday, July 25, 2026, to Friday, July 31, 2026 (both days inclusive).

The AGM agenda includes adoption of standalone and consolidated financial statements for FY2025-26, declaration of the final dividend, re-appointment of Mr. Alok Harlalka as a director retiring by rotation, re-appointment of M/S Jay Gupta & Associates as Joint Statutory Auditors for a second term of five years, approval of related party transactions, and appointment of M/s D.A. Kamat & Co. as Secretarial Auditors for five years commencing from FY2026-27.

Regulatory Disclosures

The company disclosed that SEBI, vide order dated October 30, 2025, had prohibited Gretex Corporate Services Limited, in its capacity as a SEBI Registered Merchant Banker, from taking up any new assignment or contract for a period of twenty-one (21) days. The said period is already over. A penalty of INR 20,00,000 was also imposed for violations of certain SEBI regulations, and a further penalty of INR 15,00,000 was levied pursuant to an Adjudication Order related to alleged non-compliances with SEBI (ICDR) Regulations and SEBI (Merchant Bankers) Regulations.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE199P01028/bd4328ab-f789-4b07-b224-0783999b828a.pdf

Promoters of Gretex Corporate Services held 1,48,91,621 equity shares, representing 61.639% of the total shareholding, as of March 31, 2026. Arvind Harlalka, a Promoter of the company, confirmed that no shares were encumbered directly or indirectly during the financial year ended March 31, 2026. The disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The declaration covers the Promoter and Promoter Group along with Persons Acting in Concert. Bonanza Agency LLP holds the largest stake within the group at 1,01,61,049 shares, accounting for 42.058% of the total shareholding. Talent Investment Company Private Limited, another Promoter Group entity, holds 13.667% of the equity capital.

Shareholding Details

The detailed breakdown of the shareholding held by the Promoter and Promoter Group is provided in the table below:

Corporate Action Update

Talent Investment Company Private Limited was allotted 11,26,320 equity shares upon conversion of warrants into equity, along with corresponding bonus shares. The company is currently awaiting trading approval from the stock exchanges. The corporate action will be completed once the listing approval is received.