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Incorporated in 2009, Gretex Industries Ltd is in the business of trading of musical instruments
Gretex Industries secured RBI approval for Change in Management for its NBFC acquisition of Arpan Tie Up. Approval for Change in Control is still awaited, signaling a phased regulatory clearance for this strategic move.
Gretex Industries, due to its listing on NSE's Emerge platform, confirms it is not subject to a range of corporate governance regulations. This streamlined compliance structure is typical for companies on this growth platform.
Gretex Industries reported Q3 consolidated revenue of ₹16.19 Cr (9M: ₹44.30 Cr) & profit of ₹1.29 Cr (9M: ₹2.52 Cr). The company issued 13.64 lakh warrants for ₹32.20 Cr, funding subsidiaries & working capital. Also, ₹11 Cr invested in Gretex EZ Properties for new audio-visual ventures.
Gretex Industries issued a correction to its trading window closure. The commencement date for insider trading restrictions was revised, impacting the period when insiders are restricted from trading. All other details remain as previously announced.
Gretex Industries has secured new premises in Pune for a godown, enhancing its operational capabilities. This strategic move strengthens logistics and supports ongoing business expansion, signaling potential growth.