Retaggio Industries Allots 6,80,000 Equity Shares Following Conversion of Convertible Warrants
Retaggio Industries Ltd has completed the allotment of 6,80,000 equity shares subsequent to the conversion of convertible warrants. The decision was formalized by the Board of Directors during a meeting held on August 13, 2026.The company approved the allotment of the ninth tranche of 6,80,000 equity shares, each with a face value of Rs. 10/-. These shares were issued on a preferential basis following the conversion of convertible warrants, which were previously allotted to specific entities.
As per the terms of issuance, 25% of the allotment price was paid by the allottees at the time of subscription. The remaining 75% consideration for these warrants was received upon the exercise of their right of conversion.
Allocation Details of Equity Shares
The equity shares were allotted to two entities: Retaggio Ventures LLP and Retaggio Trading Services LLP. The details of the allotment are as follows, reflecting the amounts paid toward the total consideration of Rs. 1,32,60,000/-:| Sr. No | Name of the Allottee(s) | No. of Equity Shares | Payment Received (75% Consideration) |
|---|---|---|---|
| 1. | Retaggio Ventutres LLP | 5,60,000 | Rs. 1,09,20,000/- |
| 2. | Retaggio Trading Services LLP | 1,20,000 | Rs. 23,40,000/- |
| TOTAL | TOTAL | 6,80,000 | Rs. 1,32,60,000/- |
The allotment marked a significant increase in the company’s capital structure. The Paid-up Equity Share Capital of Retaggio Industries Ltd has consequently risen to Rs. 20,48,81,600/-, which is divided into 2,04,88,160 equity shares of face value Rs. 10/- each.
Post Allotment Shareholding Details
The issuance of the new equity shares ranks pari-passu with existing equity shares. The following table outlines the pre-issue and post-issue shareholding structure for the allottee entities:| Allottee Name | Pre-Issue Shares (No./%) | Post-Issue Shares (No./%) |
|---|---|---|
| Retaggio Ventures LLP | 4,40,000 / 2.22% | 10,00,000 / 4.88% |
| Retaggio Trading Services LLP | 60,42,000 / 30.50% | 61,62,000 / 30.08% |
Stock Price Movement
Retaggio Industries Ltd settled at ₹49.00 during post-market trading, shedding 4.41% of its value. This movement came after shares traded completely flat throughout the day, registering no intraday high or low variation.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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