Retaggio Industries Ltd Allots 3.3 Lakh Equity Shares After Convertible Warrant Conversion
Retaggio Industries Ltd announced the allotment of a sixth tranche of 3,30,000 Equity Shares of Rs. 10 each on April 29, 2026. The allotment was executed upon the conversion of 3,30,000 convertible warrants into Equity Shares on a Preferential Basis.The convertible warrants were converted in accordance with a Special Resolution passed by the shareholders on December 11, 2025.
The allotment details show that Retaggio Trading Services LLP was the sole allottee of the 3,30,000 shares. The total consideration received for the allotment was Rs. 64,35,000/-.
The conversion process involved the allottee paying the balance 75% of the consideration for the warrants.
Allotment Details
The financial details of the allotment are summarized below:| Name of the Allottee | Number of Equity Shares | 75% of Issued Price (Rs.) |
|---|---|---|
| Retaggio Trading Services LLP | 3,30,000 | 64,35,000/- |
| TOTAL | 3,30,000 | 64,35,000/- |
Impact on Share Capital
Following the said allotment, the Paid-up Equity Share Capital of Retaggio Industries Ltd increased to Rs. 19,23,01,600/- (Rupees Nineteen Crore Twenty Three Lakhs One Thousand Six hundred only). This capital is now divided into 1,92,30,160 (One Crore Ninety Two Lakhs Thirty Thousand One hundred sixty only) Equity Shares of face value Rs. 10 each.The new equity shares issued rank pari passu with the existing equity shares.
The Board Meeting of Retaggio Industries Ltd was held on April 29, 2026, and concluded its proceedings at 10:30 a.m.
Stock Price Movement
At the close on Tuesday, Retaggio Industries Ltd finished at ₹53.02, having ticked up 4.99% for the session. However, the shares remained completely locked in a tight band, reflecting a static intraday range at ₹53.02.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.