Please find the attached outcome of the board meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Retaggio Industries Ltd met on April 15, 2026, and approved two key matters. First, the revision in remuneration of Mr. Savinay Lodha, Managing Director, which will be put to shareholders for approval via postal ballot. Second, the incorporation of a new subsidiary named 'Lodha Heritage Private Limited' with an authorized capital of Rs. 10 lakhs. The new subsidiary will be 76% owned by Retaggio Industries and will handle the company's gems and jewellery manufacturing and retail operations. The subsidiary is classified as a related party transaction.
The remuneration revision for the Managing Director requires shareholder approval, which is a routine governance matter. The new subsidiary formation is a strategic restructuring to streamline operations in the gems and jewellery business segment.