Gretex Corporate Services gets in-principle approval for share issue

Gretex Corporate Services Ltd has received in-principle approval from NSE and BSE for the preferential issue of 19,51,000 equity shares of Rs. 10/- each. The approval is subject to the company fulfilling several conditions, including filing listing applications, obtaining statutory approvals, and complying with SEBI and exchange regulations. The company is also advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions before allotment. This approval is for the issue of warrants convertible into equity shares at a price not less than Rs. 358/- to promoters and non-promoters.