Please find the attached Outcome of Board Meeting.
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Retaggio Industries' board, at its meeting on March 5, 2026, approved the allotment of 16,00,000 equity shares (first tranche) to Urja Ships Private Limited (a non-promoter) upon conversion of 16,00,000 convertible warrants issued on a preferential basis. The conversion price was Rs. 26 per share, with the balance 75% (Rs. 19.5 per share) now paid by the warrant holder, bringing total consideration to Rs. 3.12 crore. Following this allotment, Urja Ships holds 4.61% of the company, and Retaggio's paid-up equity capital has risen to Rs. 17.16 crore, comprising 1,71,66,160 equity shares of Rs. 10 each. The original warrants were allotted on January 22, 2026, with the special resolution approved by shareholders on December 11, 2025.
This is a routine warrant conversion resulting in equity dilution of roughly 10% (16 lakh new shares added to existing ~1.56 crore shares) for existing shareholders. No fresh capital raise beyond what was already committed — the company has already received the full Rs. 3.12 crore from Urja Ships. Shareholders should note a new non-promoter entity now holds a notable 4.61% stake.