Please find the attached Outcome of Board Meeting for Allotment of Equity Shares pursuant to Conversion of Warrants to the Promoter Group.
Price
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Retaggio Industries Ltd's board has allotted 3,06,000 equity shares of Rs. 10 each to Retaggio Hospitality LLP (Promoter Group entity) upon conversion of convertible warrants. The conversion price was Rs. 26 per share (Rs. 6.5 paid upfront as 25% in January 2026, and Rs. 19.5 balance paid now as 75%). This is the seventh tranche of warrant conversions. The company's paid-up capital has increased to Rs. 19.53 crore comprising 1.95 crore shares. Retaggio Hospitality LLP now holds 1.57% stake post-allotment.
This is a routine dilution event for existing shareholders as warrants held by a promoter group entity are being converted to equity shares. The promoter group entity increases its holding, resulting in modest equity dilution for other shareholders.