Gretex Corporate Services Limited , a key player in the capital market segment, has addressed discrepancies in its financial results filing and reported robust half-yearly performance for the period ended March 31, 2025.

Financial Filing Rectification

The company recently rectified an error in its financial results submission to the Bombay Stock Exchange (BSE). Initially, Gretex had inadvertently submitted quarterly figures instead of the required half-yearly results for the period ended March 31, 2025. Following BSE's notification, the company promptly uploaded revised half-yearly financial results in both PDF and XBRL formats, demonstrating its commitment to regulatory compliance and transparency.

Strong Half-Year Performance

The rectified financial results reveal a strong performance for Gretex Corporate Services Limited in the first half of the fiscal year 2025. Here's a breakdown of the key financial metrics:

Standalone Performance

Consolidated Performance

Business Segments and Subsidiaries

Gretex Corporate Services Limited operates primarily in the capital market segment. The company's key subsidiaries include:

1. Gretex Sharebroking Limited
2. Signageus Value Advisors Private Limited

These subsidiaries contribute to the company's consolidated financial performance and expand its presence in the financial services sector.

Audit Opinion

The financial results were approved by the Board of Directors and audited by Jay Gupta & Associates, the company's statutory auditors. The auditors issued an unmodified opinion on both the standalone and consolidated financial statements, providing assurance on the accuracy and fairness of the reported figures.

Management's Commitment

Arvind Harlalka, Whole Time Director of Gretex Corporate Services Limited, signed off on the financial statements, affirming the company's dedication to accurate financial reporting and regulatory compliance.

The company's prompt rectification of the filing discrepancy and strong financial performance underscore its commitment to transparency and growth in the competitive capital market segment.

Gretex Corporate Services Limited has made a significant move in the capital markets by filing Draft Red Herring Prospectuses (DRHPs) for two companies, paving the way for their public listings. This development marks an important step for the companies involved and potentially expands the options for investors in the Indian stock market.

Sky Alloys and Power Limited Aims for Main Board Listing

Sky Alloys and Power Limited, one of the companies under Gretex Corporate Services' umbrella, has filed its DRHP for listing on the Main Board platforms of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This dual-listing approach suggests that Sky Alloys and Power Limited is positioning itself for maximum visibility and liquidity in the market.

Sureflo Techcon Limited Targets NSE Emerge Platform

In a parallel move, Sureflo Techcon Limited, another company associated with Gretex Corporate Services, has submitted its DRHP for listing on the NSE Emerge Platform. The NSE Emerge Platform is designed for small and medium enterprises (SMEs), indicating that Sureflo Techcon Limited may be at a different stage of growth or have a different market capitalization compared to Sky Alloys and Power Limited.

Implications of the DRHP Filings

The filing of DRHPs is a crucial first step in the Initial Public Offering (IPO) process. It provides potential investors and market regulators with detailed information about the companies, including:

• Business models
• Financial performance
• Risks
• Terms of the proposed public issue

These filings by Gretex Corporate Services demonstrate the company's active role in facilitating public listings and potentially indicate a positive outlook on market conditions for new entrants.

Next Steps

While the DRHP filings are significant, this is just the beginning of the IPO process. The following steps are expected:

1. The Securities and Exchange Board of India (SEBI) will review the prospectuses.
2. The companies will need to address any queries or concerns raised by the regulator.
3. Final prospectuses will be released, providing more detailed information about:
   • Offer size
   • Price band
   • Specific dates for the public issues

Gretex Corporate Services has informed the exchanges about these filings as part of its commitment to keeping the market updated on significant developments. As the IPO processes for Sky Alloys and Power Limited and Sureflo Techcon Limited progress, more information is expected to become available to potential investors and the public.