Gretex Corporate Services Limited has signed a mandate with a Ferro Alloys company headquartered in West Bengal to provide listing services. The development was disclosed to the stock exchanges on May 09, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mandate Details

The following key details have been disclosed regarding the mandate:

Listing Platform Options

The Ferro Alloys company is proposed to be listed on one of the following platforms:

• SME Platform of BSE — dedicated exchange segment for small and medium enterprises
• Emerge Platform of NSE — NSE's dedicated SME listing platform

The final choice of platform has not been specified in the disclosure. Gretex Corporate Services, headquartered in Mumbai, operates as a corporate services firm offering listing and related advisory services to companies seeking capital market access.

Regulatory Disclosure

The intimation was submitted by Bhavna Desai, Group Company Secretary and Compliance Officer of Gretex Corporate Services Limited, bearing Membership No. A31586. The disclosure was made in accordance with the company's obligations under SEBI's listing regulations, ensuring timely and transparent communication to the stock exchanges.

Gretex Corporate Services has announced its audited standalone and consolidated financial results for the year ended March 31, 2026. The Board of Directors, which convened on May 7, 2026, approved the results alongside a recommendation for a final dividend, the issuance of preferential warrants, and several key governance changes including auditor appointments. Subsequently, on May 8, 2026, the company filed a revised board meeting outcome to correct a typographical error in the number of equity warrants disclosed for two allottees, while confirming all other details remain unchanged.

Standalone Financial Performance

On a standalone basis, the company reported a rise in net profit to ₹1,299.59 lakhs for FY26, compared to ₹1,249.46 lakhs in the previous year. Revenue from operations increased significantly to ₹3,309.65 lakhs from ₹2,069.80 lakhs in FY25, while total expenses declined to ₹1,420.05 lakhs from ₹1,953.61 lakhs. For the quarter ended March 31, 2026, the company recorded a net profit of ₹214.06 lakhs on revenue of ₹603.50 lakhs. Total comprehensive income for the standalone entity stood at ₹8,131.36 lakhs for FY26.

The following table summarises the key standalone financial metrics:

Standalone Balance Sheet Highlights

On the standalone balance sheet, total assets stood at ₹24,503.61 lakhs as at March 31, 2026, compared to ₹15,819.04 lakhs in the prior year. Total equity increased to ₹22,015.45 lakhs from ₹14,884.08 lakhs. Non-current investments rose to ₹21,106.95 lakhs from ₹12,893.70 lakhs, reflecting significant portfolio appreciation. Net cash from operating activities for the standalone entity was ₹1,265.10 lakhs for FY26, compared to ₹31.21 lakhs in FY25.

Consolidated Financial Performance

On a consolidated basis, the group reported a significant jump in net profit to ₹2,792.84 lakhs for FY26, up from ₹181.52 lakhs in FY25. Revenue from operations stood at ₹17,851.60 lakhs, compared to ₹25,886.04 lakhs in the prior year. Total comprehensive income for the year reached ₹10,663.69 lakhs. The consolidated results include the performance of subsidiary Gretex Share Broking Limited, which reported total assets of ₹20,159.77 lakhs, total revenue of ₹14,581.63 lakhs, and profit after tax of ₹1,458.34 lakhs. The group also accounts for associate Gretex Industries Limited and joint venture BahuTex Ventures LLP under the equity method.

Consolidated Balance Sheet Highlights

Consolidated total assets grew to ₹34,431.37 lakhs as at March 31, 2026, from ₹27,047.75 lakhs in the prior year. Total equity (including non-controlling interest) stood at ₹31,887.74 lakhs, up from ₹25,163.70 lakhs. Inventories rose sharply to ₹13,400.65 lakhs from ₹6,920.58 lakhs. Net cash used in consolidated operating activities was ₹2,804.36 lakhs for FY26.

Dividend and Preferential Warrant Issue

The Board has recommended a final dividend of 7% on equity shares of face value ₹10 each, amounting to ₹0.70 per share for FY26, subject to shareholder approval at the 18th Annual General Meeting scheduled for July 31, 2026. The record date for the dividend is Friday, July 17, 2026, with book closure from Saturday, July 25, 2026 to Friday, July 31, 2026.

The Board approved the issuance of 19,51,000 fully convertible warrants on a preferential basis to non-promoter investors at ₹358.00 per warrant, aggregating to ₹69,84,58,000. Each warrant is convertible into one equity share of face value ₹10 within 18 months from the date of allotment. Following the revised filing dated May 8, 2026, which corrected a typographical error in the warrant counts for allottees 2 and 3, the updated details of the five proposed allottees are as follows:

*Post allotment, this allottee will be categorised under the Promoter Group.

The company also approved an increase in authorised share capital from ₹24,20,00,000 to ₹26,50,00,000, subject to member approval.

Governance and Auditor Changes

The Board approved several governance-related decisions at the same meeting. M/s. Jay Gupta & Associates, Chartered Accountants (FRN: 329001E), was re-appointed as Joint Statutory Auditor for a second term of five consecutive years, from the conclusion of the 18th AGM till the conclusion of the 23rd AGM, subject to shareholder approval. Secretarial Auditor RKN & Co resigned effective May 7, 2026, and M/s. D.A. Kamat & Co, Practicing Company Secretary (Peer Review Certificate No. 1714/2022), was appointed as Secretarial Auditor for five consecutive years from FY 2026-27 to FY 2030-31, subject to shareholder approval. Ajmera & Ajmera, Chartered Accountants, was re-appointed as Internal Auditor for FY 2026-27. The statutory auditors have issued an audit report with an unmodified opinion on both the standalone and consolidated financial results.