Please find the attached Intimation for Receipt of In-Principle Approval for Issuance and Offer of Convertible Warrants.
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Awaiting price reaction for this filing.
Retaggio Industries Ltd has received in-principle approval from BSE to issue 1,91,10,000 (1.91 crore) convertible warrants on a preferential basis at Rs. 26 per warrant to the Promoter, Promoter Group, and Non-Promoter categories. Each warrant is convertible into one equity share of Rs. 10 face value, implying a potential equity infusion of around Rs. 49.69 crore upon full conversion. The issue price of Rs. 26 reflects a Rs. 16 premium per share over the face value of Rs. 10. The approval was granted on January 8, 2026 and is valid for 15 days. The company must now complete the allotment process within applicable SEBI timelines.
This is a capital-raising move that will lead to equity dilution once the warrants are converted. The premium pricing (Rs. 26 vs Rs. 10 face value) suggests promoter and select investor confidence, but existing shareholders should expect an increase in total share count post-conversion, which could put short-term pressure on the stock price.