Gretex Corporate Services Limited has secured in-principle approval from India’s premier stock exchanges for a preferential allotment of 19,51,000 Fully Convertible Equity Share Warrants (FCEWs). The National Stock Exchange of India Limited and BSE Limited granted the approvals on August 07, 2026, paving the way for the company to raise capital from promoters and non-promoters. This move allows Gretex Corporate Services Limited to strengthen its capital base while adhering to stringent regulatory frameworks governing preferential issues.

The warrants are priced at not less than ₹358 each and will convert into 19,51,000 equity shares with a face value of ₹10 each. Pursuant to Regulation 28(1) and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the receipt of approval letters from both exchanges. The NSE issued letter reference NSE/LIST/55077, while BSE issued letter reference LOD/PREF/SS/FIP/638/2026-27, both dated August 07, 2026.

Regulatory Compliance and Conditions

Both exchanges have mandated strict adherence to internal controls before the allotment of securities. The primary focus is on monitoring trades executed by proposed allottees to prevent non-compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Specifically, the company must obtain undertakings from allottees confirming they will not engage in intra-day trading or sell the scrip until the allotment date.

The onus of verification lies solely with Gretex Corporate Services Limited. Any non-compliance observed post-verification may impact the listing of the shares. Furthermore, the company must file a listing application within twenty days from the date of allotment, as per Schedule XIX – Para (2) of the ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Failure to comply attracts fines as specified in the circular.

Operational Implications

The approval is conditional upon the company fulfilling all statutory requirements, including obtaining necessary approvals from the Reserve Bank of India, Ministry of Corporate Affairs, and other relevant authorities. The exchanges reserve the right to withdraw the in-principle approval if submitted information is found to be incomplete, incorrect, or misleading.

Upon allotment, Gretex Corporate Services Limited must submit the listing application without delay, along with applicable fees, in terms of Regulation 14 of the LODR Regulations. For convertible securities, depositories will automatically release the excess lock-in period of pre-preferential holdings without requiring a No Objection Certificate from the exchange, ensuring smoother post-issue formalities.

What the Numbers Show

The issuance of 19,51,000 warrants at a minimum price of ₹358 represents a significant capital infusion mechanism for Gretex Corporate Services Limited . By targeting both promoters and non-promoters, the company signals confidence in its growth trajectory while diversifying its shareholder base. The strict regulatory oversight on trading behavior highlights the importance of market integrity during such corporate actions, ensuring that the allotment process remains transparent and compliant with SEBI’s guidelines on insider trading and market manipulation.

Gretex Corporate Services Limited has disclosed that it received a Show Cause Notice from the Securities and Exchange Board of India (SEBI) on August 03, 2026, in connection with the initial public offering (IPO) of Taurian MPS Limited. The intimation was made to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with SEBI Circular No. SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

SEBI Show Cause Notice: Key Details

The Show Cause Notice was issued under Rule 4(1) of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995, read with Section 15-I of the Securities and Exchange Board of India Act, 1992. The notice pertains to alleged non-compliances with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, in connection with the IPO of Taurian MPS Limited. Gretex Corporate Services has been named as one of the noticees in the adjudication proceedings.

The following table summarises the key particulars of the Show Cause Notice as disclosed by the company:

Financial and Operational Impact

Gretex Corporate Services has stated that the impact, if any, on the financial, operational, or other activities of the company cannot be quantified in monetary terms to any extent at this stage. The company noted that any potential impact will be subject to the outcome of the present adjudication proceedings. No further financial details or estimates have been provided in connection with the notice.

Investor Relations Update

Separately, the company also disclosed the appointment of Budhaaditya Advisors Private Limited ('Stock Knocks') as its Investor Relationship Agency for providing Investor Relations Advisory Services. The agency is located at Unit - 346, 3rd Floor NH12, Action Area IIE, New Town, West Bengal 700161. This disclosure was made as part of the same regulatory intimation filed with the stock exchanges on August 4, 2026.