Retaggio Industries Ltd Allots 4,62,000 Equity Shares Following Convertible Warrant Conversion
Retaggio Industries Ltd announced the allotment of a fifth tranche of 4,62,000 Equity Shares, fully paid up, through the conversion of convertible warrants. The allotment was processed on April 21, 2026, following a Board Meeting held that day.The Board of Directors authorized the issuance of the shares to the allottee on a Preferential Basis. This conversion of 4,62,000 convertible warrants into equity shares was executed in accordance with a Special resolution passed by the shareholders on December 11, 2025.
Transaction and Payment Details
The allotment details were structured such that the holders of the convertible warrants paid the initial 25% of the consideration amount at the time of subscription. Upon the exercise of their right of conversion, the allottee paid the remaining 75% balance.The specific details of the share allotment are as follows:
| Name of the Allottee | No. of Equity Shares | 75% of Issued Price (Rs.) |
|---|---|---|
| Retaggio Trading Services LLP | 4,62,000 | 90,09,000/- |
| TOTAL | 4,62,000 | 90,09,000/- |
Financial Implications
The allotment significantly impacted the company’s capital structure. Following the issuance, the Paid-up Equity Share Capital of Retaggio Industries Ltd increased to Rs. 18,90,01,600/- (Rupees Eighteen Crores Ninety Lakhs One Thousand Six hundred only). This total capital is now divided into 1,89,00,160 Equity Shares, each with a face value of Rs. 10/-. The newly issued equity shares rank pari-passu with the existing equity shares.The conversion process involved the conversion of warrants, which were originally allotted on January 13, 2026. The initial right was to subscribe to one Equity Share per warrant on receipt of an amount at the rate of Rs. 6.5/- per warrant (25% of the total consideration). The remaining 75% of the consideration was paid by the allottee upon the exercise of the warrant.
Stock Price Movement
Retaggio Industries Ltd shares settled at ₹50.25 on Monday, finishing the day down 2.62%. The stock remained completely flat, locked at the ₹50.25 level for the duration of trading.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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