Please find the attached Corrigendum for the EOGM scheduled to be held on 11th December, 2025
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Retaggio Industries has issued a corrigendum to its EGM notice dated 13th November 2025 for the meeting scheduled on 11th December 2025. The corrections were made in response to BSE's communication regarding the company's application for in-principle approval of a preferential issue. The company proposes to raise up to Rs. 49.69 crore through the issuance of convertible warrants on a preferential basis. Of this, Rs. 45 crore is earmarked for working capital requirements (to be used within 12 months) and Rs. 4.69 crore for general corporate purposes. The allottees include promoter-related entities (Retaggio Trading Services LLP, Retaggio Ventures LLP, Retaggio Hospitality LLP) and several non-promoter entities and individuals. The corrigendum clarifies that there is no change in the promoter/promoter group status of any allottee post-issue.
Shareholders should review the corrigendum carefully as it details the size, pricing rationale, and end-use of a sizeable fund raise (~Rs. 49.69 cr) that may lead to equity dilution upon warrant conversion. The heavy allocation towards working capital and the inclusion of promoter-group entities suggests capital infusion to support growth, but warrants carry conversion risk that could impact shareholding structure.