Gretex Industries Limited Becomes Associate Company Through Indirect Acquisition
Gretex Corporate Services Limited has indirectly acquired a 23.26% stake in Gretex Industries Limited through common management control, making it an associate company. Gretex Industries, incorporated in 2009, specializes in trading musical instruments and audio equipment in Eastern and Northeastern India. The company has shown consistent growth, with turnover increasing from ₹220,271.54 thousand in 2022-23 to ₹329,226.29 thousand in 2024-25. This acquisition is expected to have a material impact on Gretex Corporate Services' consolidated financial position and performance.
13Aug 25
Gretex Corporate Services Appoints Arvind Harlalka as CFO of Material Subsidiary
Gretex Corporate Services has appointed Mr. Arvind Harlalka as the Chief Financial Officer of its material subsidiary, Gretex Share Broking Limited, effective August 12, 2025. The appointment, approved during a board meeting, complies with Section 203 of the Companies Act, 2013. Mr. Harlalka brings expertise in business strategy, financial governance, corporate governance, and research & innovation. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange on August 13, 2025.
06Aug 25
Gretex Corporate Services Files DRHP for Flywings Simulator Training Center on NSE Emerge
Gretex Corporate Services Limited has filed a Draft Red Herring Prospectus (DRHP) for Flywings Simulator Training Center Limited with the NSE Emerge platform. This filing is a crucial step towards a potential Initial Public Offering (IPO) for the simulator training company. The DRHP will be reviewed by SEBI, providing essential information about the company to potential investors. NSE Emerge is designed to help small and medium-sized enterprises raise capital through public listings.
30Jul 25
Gretex Corporate Services Secures BSE Approval for Main Board Migration
Gretex Corporate Services Limited has received in-principle approval from BSE Limited to migrate its equity shares from the SME Platform to the Main Board of BSE. The approval, granted on July 29, 2025, is subject to compliance with applicable rules and regulations. The company must fulfill specific conditions set by BSE Limited and other regulatory authorities. Gretex has committed to taking necessary steps to comply with the prescribed conditions and proceed with the migration process.
18Jul 25
Gretex Corporate Services Secures Mandate from Chhattisgarh-based Steel Manufacturer
Gretex Corporate Services Limited (GCSL) has signed a mandate with a steel products manufacturer in Chhattisgarh for potential listing on the Main Board of Stock Exchange. The agreement was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move could expand GCSL's client portfolio in the manufacturing sector and enhance its position in the corporate advisory market.