Gretex Corporate Services Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, alongside a significant investment decision in the alternative investment fund space. The Board of Directors approved these developments in their meeting held on January 10, 2026.

Standalone Financial Performance

The company's standalone financial results for Q3 FY26 showed mixed performance across key metrics. While revenue from operations demonstrated strong growth, profitability declined compared to the corresponding quarter of the previous year.

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹2,706.15 lakhs compared to ₹1,374.80 lakhs in the corresponding period of the previous year, representing a growth of 97%. Net profit for the nine-month period stood at ₹1,085.53 lakhs versus ₹957.33 lakhs in the previous year.

Consolidated Results

The consolidated financial statements, which include subsidiary Gretex Share Broking Limited and associate Gretex Industries Limited, showed different trends compared to standalone performance.

Alternative Investment Fund Initiative

The Board approved a strategic investment in a Category II Alternative Investment Fund through Bahutex Ventures LLP. Under this arrangement, Gretex Corporate Services will become a Designated Partner holding a 50% partnership interest.

The investment will be managed in accordance with SEBI (Alternative Investment Funds) Regulations, 2012, with Bahutex Ventures LLP maintaining continuing interest in the fund on an aggregate basis.

Corporate Developments

Gretex Industries Limited has been classified as an Associate of Gretex Corporate Services Limited pursuant to a Board resolution dated August 13, 2025. The accounting treatment follows Ind AS 28 requirements for "Investments in Associates and Joint Ventures."

The company's paid-up equity share capital remained at ₹2,263.93 lakhs with a face value of ₹10 each, compared to ₹1,191.55 lakhs in the corresponding quarter of the previous year. The financial results were reviewed by the Audit Committee and approved by the Board of Directors, with limited review conducted by joint statutory auditors V. Singhi & Associates and Jay Gupta & Associates.

Gretex Corporate Services Limited , a leading merchant banking firm, has issued an addendum to its valuation report following the identification of a computational error in the Volume Weighted Average Price (VWAP) calculation for its approved preferential issue of 1,00,000 equity warrants. The company disclosed the correction on January 3, 2026, maintaining compliance with regulatory requirements while confirming the original issue price remains valid.

Valuation Correction Details

The registered valuer identified an inadvertent computational error in the 90-day VWAP calculation used for determining the warrant issue price. The error was related to the methodology for calculating trading days, specifically whether to include non-trading days in the computation.

Regulatory Compliance Maintained

Despite the computational correction, the warrant issue price of ₹300 per equity warrant continues to comply with SEBI ICDR Regulations. The company obtained a certificate from a Practicing Company Secretary confirming regulatory compliance following the revision.

Warrant Issue Background

The preferential issue of 1,00,000 fully convertible equity warrants was unanimously approved by shareholders through postal ballot on December 13, 2025. The voting process concluded with 16,472,603 valid votes cast from 1,238 shareholders on record.

Strong Financial Performance Foundation

The warrant issue is supported by exceptional Q2 FY26 financial results, demonstrating the company's robust growth trajectory and justifying investor confidence in the equity raise.

The valuation report addendum and supporting documentation have been made available on the company's website for shareholder reference. This correction demonstrates Gretex Corporate Services' commitment to regulatory compliance and transparent disclosure practices while maintaining the integrity of its capital raising initiatives.