Please find the attached Intimation and Notice of EOGM.
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Awaiting price reaction for this filing.
Retaggio Industries Ltd has called an Extra Ordinary General Meeting on Thursday, 11th December 2025 at 2:00 PM via video conferencing, with remote e-voting from 7th to 10th December 2025. Three special businesses are on the agenda: (1) increasing the authorized share capital from Rs. 16 crore to Rs. 36 crore (from 1.6 crore to 3.6 crore equity shares of Rs. 10 each), (2) altering the capital clause of the Memorandum of Association to reflect this change, and (3) issuing 1,91,10,000 convertible warrants on a preferential basis at Rs. 26 per warrant (a Rs. 16 premium over the Rs. 10 face value), aggregating to about Rs. 49.69 crore. The warrants are proposed to be allotted to 10 allottees, including promoter entities Retaggio Trading Services LLP (57.42 lakh warrants), Retaggio Ventures LLP (28.8 lakh), and Retaggio Hospitality LLP (28.8 lakh), along with several non-promoter entities and individuals. Warrant holders must pay 25% upfront with the balance due on conversion within 18 months; if not exercised, the warrants lapse and the upfront amount is forfeited. The issue price of Rs. 26 is slightly above the independent valuation of Rs. 25.78 per share.
If approved, this preferential warrant issue will result in significant equity dilution for existing shareholders once the warrants are exercised, though the promoter group's participation signals confidence in the company. Shareholders should review the allottee list and pricing carefully, as the EGM will decide on a fundraise of nearly Rs. 50 crore alongside a 125% increase in authorized capital. Existing shareholders as of the 4th December 2025 cut-off date are eligible to vote.