Please find the attached Outcome of Board Meeting.
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Retaggio Industries informed BSE that its board, at a meeting held on 9 March 2026, approved the second tranche allotment of 7,00,000 equity shares (face value Rs. 10) to Uniworth Consultants Private Limited on conversion of an equal number of convertible warrants issued on a preferential basis. The warrants were originally allotted on 21 January 2026 at Rs. 26 per share, with 25% paid at the time of subscription and the balance 75% (Rs. 19.50 per share) now received, totalling Rs. 1.36 crore in fresh consideration. Following this allotment, the company's paid-up equity capital has increased to Rs. 17.87 crore, divided into 1,78,66,160 equity shares, and the new shares will rank pari-passu with existing shares. The sole allottee is a non-promoter entity that now holds 3.91% of the company post-issue.
This is a dilution event for existing shareholders as 7 lakh new shares are being issued, expanding the share base by roughly 4%. However, since the warrants were already allotted earlier in January and only the conversion balance was triggered now, the cash inflow of Rs. 1.36 crore strengthens the company's books without any new dilution surprise beyond what was pre-disclosed.