Gretex Corporate Services Limited has approved the allotment of 19.51 lakh fully convertible warrants on a preferential basis to selected investors.

The company disclosed the development through a revised regulatory filing submitted to stock exchanges on May 08, 2026.

The preferential issue is expected to raise approximately:

• ₹69.84 crore

The revised disclosure was submitted after correcting a typographical error related to the number of warrants allotted to certain investors.

Details Of The Preferential Issue

According to the company, the Board approved the allotment of:

• 19,51,000 fully convertible warrants

Each warrant will be convertible into:

• One equity share of face value ₹10

The conversion can be exercised within:

• 18 months from the allotment date

The warrants are being issued in compliance with:

• SEBI ICDR Regulations
• Applicable provisions of SEBI Listing Regulations

Issue Price

The issue price has been fixed at:

• ₹358 per warrant

The total issue size aggregates to approximately:

• ₹69,84,58,000

The issue is being made entirely for cash consideration.

Investors Participating In The Issue

The warrants are being allotted to five investors belonging to the non-promoter public category.

List Of Proposed Allottees

The company also stated that:

• Ambition Tie-Up Private Limited will be categorised under the promoter group after allotment of shares.

Nature Of Securities

The securities being issued are:

• Fully Convertible Equity Warrants

These instruments provide investors the right to convert warrants into equity shares within a specified time period.

Purpose Of Preferential Issues

Companies generally raise funds through preferential allotments for purposes such as:

• Business expansion
• Working capital requirements
• Strategic investments
• Strengthening balance sheet
• Funding future growth plans

Preferential issues allow companies to raise capital from selected investors without going through a public issue process.

What Are Convertible Warrants

Convertible warrants are financial instruments that provide the holder an option to convert them into equity shares at a predetermined price.

Such instruments are commonly used for:

• Strategic fundraising
• Bringing in long-term investors
• Gradual equity dilution
• Growth capital infusion

Timeline For Conversion

According to the disclosure:

• Warrants can be converted into equity shares within 18 months

If conversion is not exercised within the specified timeline, the warrants may lapse as per applicable regulations and issue terms.

Compliance With SEBI Regulations

The company stated that the preferential issue is being carried out under:

• Chapter V of SEBI ICDR Regulations
• SEBI Listing Regulations

The disclosure was also submitted in line with SEBI circular requirements related to preferential allotments.

Correction In Earlier Filing

Gretex Corporate Services clarified that the revised filing was submitted because of:

• A typographical error in the earlier disclosure

The correction related to the number of equity warrants allotted to:

• Allottee 2
• Allottee 3

Apart from this correction, all other details remain unchanged.

About Gretex Corporate Services Limited

Gretex Corporate Services Limited operates in the financial and corporate advisory segment.

The company provides services including:

• Merchant banking
• IPO advisory
• Valuation services
• Corporate restructuring
• Capital market advisory

The company is listed on both:

• BSE
• NSE

Capital Raising Activity In Indian Markets

Indian listed companies continue to raise funds through:

• Preferential allotments
• Qualified institutional placements
• Rights issues
• Convertible instruments

Such fundraising activities are often aimed at supporting growth initiatives and improving financial flexibility.

Investor Focus On Preferential Issues

Preferential allotments are closely tracked by investors because they may influence:

• Shareholding structure
• Promoter holdings
• Future capital base
• Business expansion plans

The entry of strategic investors may also impact market perception regarding future growth prospects.

Market View On Fundraising

Fundraising through warrants can provide companies with:

• Immediate capital commitment
• Flexibility in equity conversion
• Additional growth funding

However, investors also monitor potential future dilution arising from warrant conversion.

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