Please find the attached Outcome of Board Meeting.
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The board of Retaggio Industries, at its meeting on March 12, 2026, approved the third tranche allotment of 3,02,000 equity shares (face value Rs. 10 each) following conversion of convertible warrants. The shares were allotted to Uniworth Consultants Private Limited, a non-promoter, at a total price of Rs. 26 per share (Rs. 6.5 paid earlier at subscription plus Rs. 19.5 balance now paid), bringing in Rs. 58.89 lakh. As a result, Uniworth's holding rose from 7,00,000 shares (3.91%) to 10,02,000 shares (5.52%) in the company. The company's paid-up equity capital has increased to Rs. 18.16 crore, comprising 1,81,68,160 equity shares. This conversion follows the special resolution passed by shareholders on December 11, 2025, and BSE's in-principle approval dated January 8, 2026.
This is a routine warrant-to-equity conversion that slightly dilutes existing shareholders by expanding the share base. The capital infusion is modest (Rs. 58.89 lakh), and since it is from a single non-promoter entity, the dilution impact on the stock is limited but existing shareholders should note the small increase in outstanding shares.