Retaggio Industries Ltd Allots 2,70,000 Equity Shares Following Convertible Warrant Conversion
Retaggio Industries Ltd announced the allotment of 2,70,000 Equity Shares, each with a face value of Rs. 10/-. This allotment occurred on a Preferential Basis, following the conversion of 2,70,000 convertible warrants.The Board of Directors of Retaggio Industries Ltd held a meeting on April 7, 2026, where they approved the issuance of the fourth tranche of these shares. The conversion of the warrants was executed in accordance with a Special resolution passed by the shareholders on December 11, 2025, and after receiving in-principle approval from BSE Limited on January 8, 2026.
Financial Details of Allotment
The allottee, Retaggio Ventures LLP, was responsible for paying the consideration for the shares. The payment structure involved two parts:1. 25% of the allotment price was paid by the allottee(s) into the Company's bank account at the time of subscription.
2. The holder of the convertible warrants paid the remaining balance of 75% and exercised their conversion right.
The total details of the allotment are summarized below:
| Allottee Name | No. of Equity Shares | 75% of Issued Price (Rs.) |
|---|---|---|
| Retaggio Ventures LLP | 2,70,000 | 52,65,000/- |
| TOTAL | 2,70,000 | 52,65,000/- |
Impact on Share Capital
Subsequent to this allotment, the Paid-up Equity Share Capital of the Company increased to Rs. 18,43,81,600/- (Rupees Eighteen Crore Forty-Three Lakhs Eighty-one Thousand Six hundred only). This capital now comprises 1,84,38,160 (One Crore Eighty-four Lakhs Thirty-eight Thousand One hundred and 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.Convertible Warrant Conversion Details
The conversion of the warrants resulted in the issuance of 2,70,000 equity shares. The conversion ratio was 1:1, meaning one equity share was allotted for each convertible warrant held.The documentation detailing the allotment confirms that the total number of securities proposed for issuance was 2,70,000 equity shares. The consideration was structured such that the balance amount was received at a rate of Rs. 19.5/- per Equity Share (representing 75% of the total consideration).
The details regarding the post-allotment shareholding show the following:
| Name | Pre Issue Shareholding (No. of Shares) | Post Issue Shareholding (No. of Shares) | % of Share holding (Post Issue) |
|---|---|---|---|
| Retaggio Ventures LLP | - | 2,70,000 | 1.46% |
The allotment process followed the terms that, in the event that a warrant holder does not exercise the warrants within a period of 18 months from the date of allotment, the unexercised warrants shall lapse, and the amount paid shall be forfeited by the Company.
Stock Price Movement
Retaggio Industries Ltd settled at ₹50.00 on Tuesday, recording a gain of +4.82% at the close of trading. The shares remained locked at this price point, as the intraday high and low both registered at ₹50.00.Source:
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