The company in the Board Meeting held today has allotted the Equity Shares to the promoter group pursuant to Conversion of warrants into Equity shares.
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Retaggio Industries Ltd has allotted 2,70,000 equity shares of Rs. 10 each to Retaggio Ventures LLP (Promoter group) following the conversion of convertible warrants. This is the fourth tranche of conversion under a preferential allotment. The issue price was Rs. 26 per share, with 25% paid at warrant subscription and the remaining 75% (Rs. 19.5 per share) paid upon conversion. The company's paid-up equity share capital has increased to Rs. 18.44 crore, with total shares now at 1.84 crore. The warrants were originally allotted on 14th January 2026 and the conversion follows SEBI ICDR Regulations with BSE in-principle approval.
The promoter group (Retaggio Ventures LLP) has increased its stake by 1.46% through this conversion. While dilution is minimal, existing shareholders should note that further warrant conversions may occur within the 18-month window, potentially causing additional dilution.