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 3,02,000 equity shares of Rs. 10 each at Rs. 26 per share, aggregating to about Rs. 58.89 lakhs, to non-promoter Uniworth Consultants Private Limited upon conversion of convertible warrants. This is the third tranche of warrant conversion, with the allottee having now paid the balance 75% of the consideration (Rs. 19.5 per share) after the initial 25% (Rs. 6.5 per share) was paid at the time of warrant subscription on 21 January 2026. Post-allotment, Uniworth Consultants' holding has risen from 3.91% (7,00,000 shares) to 5.52% (10,02,000 shares) of the company. The company's paid-up equity share capital has increased to Rs. 18.16 crores, divided into 1,81,68,160 equity shares.
This is a routine completion of a previously announced preferential warrant conversion, leading to a small equity dilution of about 1.66% (3,02,000 new shares added to existing ~1.78 crore shares). The stock may see mild dilution effects, but the cash inflow strengthens the company's balance sheet. Uniworth Consultants is now a more significant shareholder, which could mean closer scrutiny of company decisions from this non-promoter entity.