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Retaggio Industries Ltd's board, at its meeting on January 15, 2026, approved the allotment of 28,80,000 convertible equity warrants at Rs. 26 per warrant, aggregating to about Rs. 7.49 crores, on a preferential basis. The company has already received 25% of the issue price (Rs. 6.50 per warrant), totalling Rs. 1.87 crores, as upfront application money. Each warrant is convertible into one equity share (face value Rs. 10, premium Rs. 16) within 18 months by paying the remaining Rs. 19.50 per share. The sole allottee is M/s. Retaggio Hospitality LLP, part of the promoter group, which will hold 8.31% of the company on a fully diluted basis after conversion. BSE had earlier granted in-principle approval on January 8, 2026, and shareholder approval was obtained through an EGM.
This is a capital infusion by the promoter group, generally seen as a positive confidence signal. However, it is a preferential allotment (not a public QIP), so existing minority shareholders will face dilution of about 8.31% on a fully diluted basis once the warrants are exercised within 18 months.