The company in the Board Meeting held today has allotted the Equity Shares to the Non-Promoter pursuant to Conversion of Warrants into Equity Shares
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Retaggio Industries has allotted 7,00,000 equity shares (second tranche) to non-promoter entity Uniworth Consultants Private Limited following the conversion of an equal number of convertible warrants. The shares were issued at Rs. 26 each (face value Rs. 10), bringing in a total consideration of Rs. 1.365 crore. The warrant holder had earlier paid 25% of the price at the time of subscription and has now remitted the remaining 75%. The allotment was made on a preferential basis under a special resolution passed by shareholders on 11 December 2025 and had in-principle approval from BSE. As a result, the company's paid-up equity capital has risen to Rs. 17.87 crore, divided into 1,78,66,160 shares of Rs. 10 each, with the allottee holding a 3.91% stake post-issue.
The conversion increases the share count by about 3.91%, causing mild dilution for existing shareholders, but also confirms a non-promoter investor's confidence by paying the balance 75% to take full equity. The Rs. 1.365 crore inflow is small, so the immediate financial impact on the stock is likely limited.