April 10 Is the Key To Unlock 9:10 Bonus Share Eligibility—But Should You Buy The Stock Now?

With an emphasis on supporting SMEs and entrepreneurs, Gretex Corporate Services Limited (GCSL), a SEBI-registered Category I merchant banker, offers financial and capital market services with an emphasis on SME IPOs, M&A, and other corporate consulting services. Gretex has over six years of experience in the merchant banking industry and being one of the leading financial and consulting businesses in India, it offers high-quality services in the areas of corporate advisory, valuation, IPOs, and other financial services. Following the Board's announcement of the record date for bonus shares, Gretex Corporate Services' shares were trading at a 10% lower circuit limit on Monday at Rs 480, with a market capitalization of Rs 575 Cr.

Gretex Corporate Services Bonus Shares

"This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Company has fixed Thursday, April 10, 2025 as the "Record Date" for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Equity Shares in the ratio of 9:10 (i.e. issue of 9(Nine) new fully paid-up equity share for every existing 10(Ten) existing fully paid-up equity shares held of Rs 10/- as on the above mentioned record date.)," said Gretex Corporate Services in a stock exchange filing.

Gretex Corporate Services Financials

Gretex Corporate Services' net profit plummeted 81.52% to Rs 3.46 crore in the December 2024 quarter from Rs 18.72 crore in the December 2023 quarter. Compared to the quarter which ended in December 2023, when sales were Rs 43.75 crore, sales in the quarter ending in December 2024 climbed 50.17% to Rs 65.70 crore. EBITDA decreased 9by 1.76% from Rs. 24.87 crore in Q3FY24 to Rs. 2.05 crore in Q3FY25.

Gretex Corporate Services Share Price Target

"Gretex Corporate stock price is bearish on the Daily charts with strong resistance at 551. A Daily close below support of 481 could lead to a target of 437 in the near term," commented A R Ramachandran, Independent Research Analyst.

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