Gretex Corporate Services Limited has successfully completed the allotment of 3,30,000 equity shares through the conversion of equity warrants, as disclosed to stock exchanges on January 23, 2026. The conversion represents a significant corporate action involving promoter participation and generates substantial consideration for the company.

Warrant Conversion Details

The Board of Directors approved the allotment of equity shares with a face value of ₹10 each at an issue price of ₹379 per share, including a premium of ₹369. The conversion was executed by Talent Investment Company Private Limited, which belongs to the promoter category.

Bonus Share Entitlement

As part of the conversion process, the warrant holder became entitled to additional bonus equity shares that were previously held in abeyance. The company had earlier approved a bonus issue in the ratio of 9:10, resulting in bonus shares attributable to the warrants being credited to a demat suspense account.

Upon warrant conversion, 2,97,000 bonus equity shares were released from the suspense account and credited simultaneously to the allottee's demat account along with the newly allotted shares.

Allottee Information

The complete warrant conversion was undertaken by a single promoter entity, demonstrating continued promoter confidence in the company's prospects.

Regulatory Compliance

The allotment was conducted in full compliance with SEBI regulations, specifically under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as per SEBI Master Circular dated November 11, 2024.

The newly allotted equity shares rank pari passu in all respects with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders. The conversion represents the exercise of options available to warrant holders under the original preferential allotment framework approved in August 2024.