Please find the attached outcome of Board meeting
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The Board of Retaggio Industries Ltd, at its meeting on 13th November 2025, approved two key actions. First, an increase in authorised share capital from Rs. 16 crore (1.60 crore equity shares of Rs. 10 each) to Rs. 36 crore (3.60 crore equity shares of Rs. 10 each), along with the corresponding amendment to the Memorandum of Association. Second, a proposal to raise funds by issuing 1,91,10,000 convertible warrants on a preferential basis to the promoter, promoter group, and non-promoter investors, at a price to be determined as per SEBI ICDR Regulations. The warrants will be issued to entities such as Retaggio Trading LLP (57.42 lakh warrants), Retaggio Ventures LLP (28.80 lakh), Retaggio Hospitality LLP (28.80 lakh), and non-promoters including Urja Ships Pvt Ltd (50.04 lakh warrants) and others. On full conversion, the promoter holding via Retaggio Trading LLP will dilute from 33.73% to 31.70%, while Urja Ships will emerge as a 14.43% non-promoter shareholder.
This is a meaningfully dilutive equity raise for existing shareholders, though promoter-group entities are the largest allottees, indicating promoter confidence and continued control. The 2.25x increase in authorised capital also signals room for further fundraising, which may weigh on the stock in the short term until the actual issue price and use of funds are disclosed.