Description
Gretex Corporate Services Limited transitions from BSE SME platform to BSE mainboard with updated shareholding pattern disclosure.
Summary
Gretex Corporate Services Limited (Scrip Code: 543324, ISIN: INE199P01028) has migrated from BSE SME platform to BSE mainboard platform. The company filed a pre-listing shareholding pattern report dated August 7, 2025, under Regulation 31(1)(a) showing promoter holding of 63.27% and public shareholding of 36.73%.
Key Points
- Company migrated from BSE SME to mainboard platform
- Total shares outstanding: 22,639,347 equity shares
- Promoter and promoter group hold 14,323,018 shares (63.27%)
- Public shareholders hold 8,316,329 shares (36.73%)
- No partly paid shares, convertible securities, or warrants outstanding
- Company has significant beneficial owners
- Foreign ownership limit set at 100% with current utilization at 0.71%
Regulatory Changes
Migration from SME platform to mainboard brings enhanced compliance requirements under mainboard listing regulations. The company must now adhere to stricter disclosure norms and corporate governance standards applicable to mainboard-listed entities.
Compliance Requirements
- Filing of shareholding patterns under mainboard regulations
- Enhanced disclosure requirements for material developments
- Compliance with mainboard corporate governance norms
- Regular quarterly and annual financial reporting as per mainboard standards
Important Dates
- Listing/Allotment Date: August 7, 2025
- Shareholding Pattern Report Date: August 7, 2025
- Circular Date: September 3, 2025
Impact Assessment
The migration enhances the company’s profile and provides access to a broader investor base. Existing shareholders benefit from improved liquidity and market visibility. The move to mainboard platform may attract institutional investors due to enhanced regulatory compliance and governance standards.
Impact Justification
Platform migration affects trading venue and compliance requirements for existing shareholders