Gretex Corporate Services has announced a significant change in its leadership structure, appointing Mr. Arvind Harlalka as the Chief Financial Officer (CFO) of its material subsidiary, Gretex Share Broking Limited. The appointment, effective August 12, 2025, was made in compliance with Section 203 of the Companies Act, 2013.

Strategic Appointment

The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on August 13, 2025, adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment was approved during a board meeting held on August 12, 2025.

Professional Expertise

Mr. Harlalka brings a wealth of experience to his new role. He is described as a leading professional with high-level expertise in several crucial areas:

• Business strategy
• Financial governance
• Corporate governance
• Research & innovation

This diverse skill set positions Mr. Harlalka well to contribute significantly to the financial management and strategic direction of Gretex Share Broking Limited.

Regulatory Compliance

The appointment aligns with regulatory requirements, specifically Section 203 of the Companies Act, 2013, which mandates certain classes of companies to have key managerial personnel, including a Chief Financial Officer.

Company Background

Gretex Corporate Services Limited, headquartered in Mumbai, operates from A-401, 4th Floor, Plot FP-616, Naman Midtown, Senapati Bapat Marg, near Indiabulls, Dadar (West), Mumbai.

This strategic appointment underscores Gretex Corporate Services' commitment to strengthening its financial leadership and governance structure within its material subsidiary, potentially positioning the company for enhanced financial management and growth strategies in the future.

Gretex Corporate Services Limited has taken a significant step towards bringing Flywings Simulator Training Center Limited to the public market. The company filed a Draft Red Herring Prospectus (DRHP) for Flywings Simulator Training Center with the NSE Emerge platform, a move that could pave the way for the simulator training company's initial public offering (IPO).

DRHP Filing Details

The announcement came through a regulatory disclosure made by Gretex Corporate Services to BSE Limited. This filing marks an important milestone in the potential IPO process for Flywings Simulator Training Center.

About NSE Emerge

NSE Emerge is a platform designed by the National Stock Exchange of India (NSE) to facilitate small and medium-sized enterprises (SMEs) in raising capital through public listings. It offers a more accessible route for smaller companies to enter the public market compared to the main board of the NSE.

Implications of the DRHP Filing

The filing of a DRHP is a crucial first step in the IPO process. It provides potential investors with essential information about the company, including:

• Business overview
• Financial statements
• Risk factors
• Objects of the issue
• Management structure

However, it's important to note that the filing of a DRHP does not guarantee the immediate launch of an IPO. The document will be reviewed by the Securities and Exchange Board of India (SEBI), and the company may need to make revisions or provide additional information before receiving approval to proceed with the public offering.

About Flywings Simulator Training Center

While specific details about Flywings Simulator Training Center Limited are not provided in the news update, the company's name suggests it is involved in providing simulator-based training, likely for the aviation industry. Simulator training is a critical component of pilot education and ongoing skill maintenance in the aviation sector.

Next Steps

Investors and market watchers will now await further developments in this potential IPO process. The next steps would typically include:

1. SEBI review of the DRHP
2. Addressing any queries or requirements from SEBI
3. Filing of the updated Red Herring Prospectus (RHP)
4. Setting of the price band for the IPO
5. Opening of the subscription period

As this story develops, more information about Flywings Simulator Training Center's business model, financials, and growth prospects may become available to the public.

Interested parties are advised to keep an eye on further announcements from Gretex Corporate Services Limited and regulatory filings for more details about this potential IPO on the NSE Emerge platform.