Please find attached Outcome of board Meeting for Allotment of Warrants.
Price
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Retaggio Industries Ltd has allotted 53,04,000 convertible equity warrants at Rs. 26 per warrant on a preferential basis, aggregating to Rs. 13.79 crore. The company has already received 25% upfront (Rs. 6.50 per warrant, totalling Rs. 3.45 crore) as application money from the allottees. The remaining 75% (Rs. 19.50 per warrant) is payable within 18 months upon conversion of each warrant into one equity share of Rs. 10 face value at a premium of Rs. 16. Only two non-promoter allottees participated: Urja Ships Private Limited (50,04,000 warrants) and Manish Kumar Badola (3,00,000 warrants). Shareholders had earlier approved the issue through an Extra Ordinary General Meeting, and BSE had granted in-principle approval on January 8, 2026.
If all warrants are converted within 18 months, the equity base will expand by 53.04 lakh shares, leading to dilution for existing shareholders. Notably, Urja Ships Private Limited will emerge as a substantial shareholder with 14.43% post-issue stake, signalling possible strategic interest. No immediate capital is fully raised—only 25% is received now—so the actual equity infusion depends on whether allottees exercise the warrants.