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Investment19 Aug 2026, 06:30 pm

Gretex Corporate Allots 7.5 Lakh Warrants to Non-Promoters

AI Summary

Gretex Corporate Services Ltd has approved the allotment of 7,50,000 warrants, constituting the second tranche, to the Non-Promoter Group. These warrants, with a face value of ₹10 each, are issued at a price of ₹358 per warrant for cash consideration. The total investment amount for this tranche is ₹6,71,25,000. This allotment follows previous board and shareholder approvals for a larger preferential issue of 19,51,000 warrants. The issuance adheres to SEBI ICDR Regulations and the Companies Act, 2013.

Key Highlights

  • Gretex Corporate allotted 7.5 lakh warrants to Non-Promoters.
  • Issue price set at ₹358 per warrant.
  • Total consideration for this tranche is ₹6.71 crore.
  • Allotment complies with SEBI ICDR Regulations.
  • This is the second tranche of a larger preferential issue.