Retaggio Industries Announces Allotment of 3,06,000 Equity Shares Following Convertible Warrant Conversion
Retaggio Industries Ltd has announced the successful allotment of 3,06,000 Equity Shares, representing the seventh tranche, following a Board Meeting held on May 12, 2026. The shares were issued at Rs. 10/- each, and the allotment was made on a Preferential Basis through the conversion of convertible warrants.The Board of Directors, in the meeting held on May 12, 2026, confirmed the allotment of the 3,06,000 Equity Shares. This action was taken through the conversion of 3,06,000 convertible warrants, which were fully paid up upon conversion into Equity Shares.
Details of Allotment
The allotment details confirm that the shares were subscribed by Retaggio Hospitality LLP (Promoter Group).| Sr. No | Name of the Allottee(s) | No. of Equity Shares | 75% of Issued Price (Rs.) |
|---|---|---|---|
| 1. | Retaggio Hospitality LLP | 3,06,000 | 59,67,000/- |
| TOTAL | TOTAL | 3,06,000 | 59,67,000/- |
The allotment required the allottee to pay the balance 75% of the consideration, which was received by the Company, thereby exercising the right of conversion for the warrant holders.
Impact on Paid-up Capital
As a direct consequence of this allotment, the Paid-up Equity Share Capital of the Company increased to Rs. 19,53,61,600/- (Rupees Nineteen Crore Fifty Three Lakh Sixty One Thousand Six Hundred only). This capital is now represented by 1,95,36,160 (One Crore Ninety Five Lakhs Thirty Six Thousand One Hundred sixty only) Equity Shares, each having a face value of Rs. 10/-. The newly issued equity shares rank pari-passu with the existing equity shares.The company's total paid-up equity share capital increases to Rs. 19,53,61,600/-, with the new shares comprising an additional 3,06,000 shares.
Promoter Shareholding Update
The transaction resulted in an updated shareholding for Retaggio Hospitality LLP (Promoter Group), which now holds 3,06,000 shares, representing 1.57% of the total post-issue shareholding.Stock Price Movement
Retaggio Industries Ltd shares are edging higher as of 10:28, trading at ₹65.00, up 1.56%. The stock maintained a tight intraday range, moving between a low of ₹65.00 and a high of ₹67.00.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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