Gretex Corporate Services Limited has secured in-principle approval from both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for issuing warrants convertible into equity shares. The approval, granted on January 22, 2026, marks a significant step in the company's capital raising initiative.

Warrant Issue Details

The stock exchanges have approved the issuance of warrants with the following specifications:

Exchange Communications

NSE communicated its approval through letter NSE/LIST/51930 dated January 22, 2026, while BSE issued its approval via letter LOD/PREF/MV/FIP/1573/2025-26 on the same date. Both exchanges have granted conditional approval subject to the company meeting specific regulatory requirements.

Compliance Conditions

The approval comes with several mandatory conditions that Gretex Corporate Services must fulfill:

• Filing listing application immediately upon allotment
• Obtaining all statutory and regulatory approvals from SEBI, RBI, MCA, and other authorities
• Ensuring compliance with SEBI (LODR) Regulations, 2015
• Meeting requirements under Companies Act, 2013 and other applicable laws
• Submitting required documents to NSE and paying applicable fees

Internal Control Requirements

Both exchanges have emphasized the need for strengthened internal controls to monitor trading activities. The company must:

• Obtain undertakings from allottees confirming no intra-day trading in company scrip until allotment date
• Verify compliance with SEBI (ICDR) Regulations, particularly Regulation 167(6)
• Monitor all trades executed by proposed allottees to prevent regulatory violations

Regulatory Framework

The warrant issue falls under Regulation 28(1) and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company must also comply with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Next Steps

Following allotment, Gretex Corporate Services must submit a listing application within twenty days as per Schedule XIX of ICDR Regulations and SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Non-compliance with this timeline will attract penalties as specified in the regulatory framework.

The exchanges reserve the right to withdraw approval if submitted information proves incomplete, incorrect, or misleading, or if it contravenes exchange rules and regulations.

Gretex Corporate Services Limited has informed stock exchanges about a significant development in its alternative investment fund initiative. The company announced that Bahutex Ventures LLP has filed an application with the Securities and Exchange Board of India (SEBI) for registration of a Category II Alternative Investment Fund.

SEBI Registration Application Details

The application was submitted on January 24, 2026, under the SEBI (Alternative Investment Funds) Regulations, 2012. Bahutex Ventures LLP will serve dual roles as both the Sponsor and Investment Manager of the proposed fund.

Partnership Structure

The company disclosed the ownership structure of Bahutex Ventures LLP, revealing an equal partnership arrangement between two Gretex group entities.

Regulatory Compliance and Timeline

This announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure represents a continuation of the company's earlier intimation dated January 10, 2026, indicating ongoing progress in the fund establishment process.

Important Considerations

The company emphasized that the registration of the Alternative Investment Fund remains subject to receipt of requisite approvals from SEBI. This standard regulatory caveat highlights that the application filing represents an initial step in the approval process rather than final authorization.

The development positions Gretex Corporate Services to expand its financial services offerings through the alternative investment space, pending successful completion of the regulatory approval process.