Gretex Corporate Services Limited has announced a postal ballot notice to seek approval from its members for two significant proposals. The first resolution concerns increasing the company's authorized share capital from ₹24.20 crore to ₹26.50 crore, involving the creation of an additional 23,00,000 equity shares of ₹10 face value each. The second, more substantial proposal, is to approve the issue of up to 19,51,000 equity warrants on a preferential basis to certain identified bodies corporate and individuals. These warrants, with a face value of ₹10 each, are convertible into one fully paid-up equity share at an issue price of ₹358 per warrant. The total fundraise from this issue is expected to be ₹69.84 crore. The proposed allottees include Ambition Tie-Up Private Limited, Zyana Developers LLP, Shailja Sandeep Jindal, Gautam Gopikishan Makharia, and Punit Gopikishan Makharia. Post-allotment, Ambition Tie-Up Private Limited will be categorized under the Promoter Group. The e-voting period for the postal ballot will commence on Friday, May 08, 2026, at 10:00 a.m. and conclude on Saturday, June 06, 2026, at 5:00 p.m. The company has appointed Ms. Rachana Shanbhag as the scrutinizer for the e-voting process. The results of the voting are expected to be announced on or before Monday, June 08, 2026.
