Gretex Industries has submitted an application to the Reserve Bank of India (RBI) on May 26, 2026, seeking approval for the acquisition of Arpan Tie-Up Private Limited. The company intends to purchase 9,11,000 equity shares, representing 98% of the paid-up equity share capital of the non-banking financial company (NBFC). This strategic move aims to expand Gretex's capabilities in structured financing, capital deployment, and credit solutions while maintaining operational alignment with its existing trading and distribution activities.

The acquisition is not a related party transaction, as Arpan Tie-Up Private Limited is not a related party and the promoter group has no interest in the entity. The consideration for the acquisition will be paid in cash, amounting to ₹5.90 crore in aggregate, or ₹64.78 per share. The company expects the transaction to be completed within an indicative period of 3 to 6 months from the date of the application submission.

Arpan Tie-Up Private Limited, incorporated on August 28, 1995, in Kolkata, operates as an NBFC-BL under the RBI's Scale-Based Regulation (SBR) framework. It is classified as the smallest, non-systemically important NBFC, posing the least risk to the broader financial system. The entity is unlisted and registered with the Registrar of Companies (ROC) Kolkata I, holding a Corporate Identification Number (CIN) of U51109WB1995PTC073784.

The financial performance of the target entity shows a decline in total income over the last three years. According to the disclosed data, the total income stood at ₹63.30 lakh in the financial year 2024-25, down from ₹72.32 lakh in 2023-24 and ₹85.61 lakh in 2022-23. The authorized capital of Arpan Tie-Up Private Limited is ₹1.04 crore, with a paid-up capital of ₹9.30 million.

Acquisition Details

The intimation regarding this application was submitted to the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the acquisition allows it to leverage regulatory infrastructure already in place while accelerating its entry into scalable lending and investment operations.

Gretex Industries Limited has announced the outcomes of its Board meeting held on May 04, 2026. The Board approved the audited financial statements and results for the half-year and year ended March 31, 2026, for both standalone and consolidated entities. The statutory auditors issued an unmodified opinion on these results.

Financial Performance

For the financial year ended March 31, 2026, Gretex Industries reported a standalone profit of ₹127.41 lakh, a decrease from ₹319.92 lakh in the previous year. Total income for the year stood at ₹5,205.96 lakh, up from ₹3,604.83 lakh in FY25. The basic earnings per share (EPS) for the year was ₹0.83, compared to ₹2.63 in the prior year.

On a consolidated basis, the company reported a profit of ₹132.87 lakh for FY26, down from ₹302.90 lakh in the previous year. Consolidated total income increased to ₹5,699.22 lakh from ₹3,999.94 lakh in FY25. The consolidated basic EPS was ₹0.91 for the year ended March 31, 2026.

Standalone Financial Results (₹ in Lakhs)

Consolidated Financial Results (₹ in Lakhs)

Board Appointments and Approvals

The Board appointed CS Priyanka K. Marvania (DIN: 11676606) as an Additional Non-Executive Independent Director for a period of five years, effective from May 04, 2026, to May 03, 2031, subject to shareholder approval. Additionally, M/s. D.A. Kamat & Co, Company Secretaries, were appointed as the Secretarial Auditor for a term of five consecutive years from FY 2026-27 to FY 2030-31. The firm M/s. ADMS & Associates, Chartered Accountants, was appointed as the Internal Auditor for the Financial Year 2026-27.

Annual General Meeting

The Board has convened the 17th Annual General Meeting (AGM) of the company on Monday, July 27, 2026, at 04:00 p.m. IST. The meeting will be held at the company's registered office at 90, Phears Lane, 5th Floor, Kolkata-700012.