Please find the attached Outcome of Board Meeting for Allotment of Warrants
Price
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Awaiting price reaction for this filing.
Retaggio Industries' board, at its meeting on January 21, 2026, approved the allotment of 23,04,000 convertible equity warrants at Rs. 26/- each (face value Rs. 10/- + premium of Rs. 16/-), aggregating to about Rs. 5.99 crores, on a preferential/private placement basis. The company has already received 25% upfront application money of Rs. 6.50 per warrant, totaling Rs. 1.49 crores. Each warrant is convertible into one equity share within 18 months, with the holder needing to pay the remaining 75% at the time of conversion; unexercised warrants will lapse. The warrants were allotted to 5 non-promoter allottees, with the largest being Uniworth Consultants Pvt Ltd (10,02,000 warrants), followed by Vijay and Sanjay Poddar (5,04,000 each), Veena Kantilal Chawalla (1,92,000), and Keight Ventures LLP (1,02,000). On a fully diluted basis, the largest allottee will hold about 2.89% and the total dilution from this issue would be roughly 6.63%.
This is a small capital raise (under Rs. 6 crores) with potential equity dilution of around 6.6% if all warrants are converted, but the upfront cash received is modest at Rs. 1.49 crores. Existing shareholders may see some dilution, while the non-promoter allottees gain future equity stakes; the premium pricing is positive but the small size limits any meaningful price impact.