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Retaggio Industries has allotted 25,38,462 convertible equity warrants at Rs. 26 per warrant, aggregating to Rs. 6.60 crore, on a preferential basis. The sole allottee is Retaggio Trading Services LLP, a promoter group entity, which has already paid 25% of the issue price (Rs. 6.50 per warrant) amounting to Rs. 1.65 crore as application money. Each warrant, with a face value of Rs. 10 and a premium of Rs. 16, can be converted into one equity share within 18 months by paying the remaining 75%. On a fully diluted basis, the promoter's shareholding will change from 52,50,000 shares (33.73%) to 1,09,92,000 shares (31.70%). BSE had already granted in-principle approval on January 8, 2026, and shareholders had approved the issue through an EGM earlier.
This is a promoter-driven capital infusion, which signals confidence from the promoter group in the company's growth. However, retail investors should note the potential equity dilution once warrants are converted, though the promoter stake increases in absolute terms.