Gretex Corporate Services Limited has successfully completed the allotment of 94,459 equity shares following the conversion of equity warrants by a non-promoter investor. The company announced this development on January 13, 2026, in compliance with SEBI regulations.

Warrant Conversion Details

The Board of Directors approved the allotment of equity shares with a face value of ₹10.00 each at an issue price of ₹379.00, which includes a premium of ₹369.00. The conversion was executed by warrant holder Sandeep Kumar Agarwal, who belongs to the non-promoter category.

Bonus Share Entitlement

As part of the conversion process, the company addressed the bonus share entitlement arising from the previously approved bonus issue in the ratio of 9:10. The bonus equity shares attributable to the converted warrants had been maintained in a demat suspense account pending the warrant conversion.

Upon completion of the warrant conversion, Sandeep Kumar Agarwal became entitled to 85,013 bonus equity shares. These bonus shares were simultaneously released from the demat suspense account and credited to the allottee's demat account along with the newly allotted equity shares.

Share Rights and Compliance

The newly allotted equity shares carry identical rights and privileges as the existing equity shares of the company, ranking pari passu in all respects. The allotment was conducted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The equity warrants that were converted had been originally issued through preferential allotment following the Board Meeting held on August 08, 2024. The conversion represents the exercise of options available to warrant holders to convert their holdings into equity shares of the company.

Regulatory Disclosures

The company has fulfilled all mandatory disclosure requirements under SEBI regulations and has uploaded the relevant information on its official website. The transaction details have been communicated to both BSE Limited and National Stock Exchange Limited as per regulatory requirements.

This warrant conversion strengthens the company's equity base while providing the non-promoter investor with full equity participation rights in Gretex Corporate Services Limited.

GRETEX Corporate Services has received updates from the Securities and Exchange Board of India (SEBI) concerning adjudication order proceedings involving the company. The regulatory communication indicates ongoing compliance matters between the financial services firm and India's capital markets regulator.

Regulatory Development

The SEBI updates pertain to adjudication order proceedings, which form part of the regulator's enforcement mechanism for securities market compliance. Such proceedings typically involve examination of regulatory compliance matters and determination of appropriate regulatory actions.

Company Profile

GRETEX Corporate Services operates in the financial services sector, providing corporate advisory and related services to clients across various business segments. The company's operations fall under SEBI's regulatory purview as part of India's securities market ecosystem.

Regulatory Framework

SEBI's adjudication process represents a structured approach to addressing compliance matters in India's capital markets. The regulator employs this mechanism to ensure market participants maintain adherence to securities regulations and investor protection standards.

The updates received by the company indicate active engagement with regulatory proceedings, reflecting SEBI's ongoing supervision of market participants and compliance enforcement activities.