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 Ltd's board, at its meeting on 5 March 2026, allotted 16,00,000 equity shares (face value Rs. 10) to Urja Ships Private Limited, a non-promoter, upon conversion of an equal number of convertible warrants. The warrants were originally issued on a preferential basis on 22 January 2026 at Rs. 26 per share, with 25% paid at subscription and the balance 75% (Rs. 19.5 per share) now received, amounting to Rs. 3.12 crore. Post-allotment, Urja Ships holds 16,00,000 shares representing 4.61% of the company's shareholding. As a result, the paid-up equity capital of the company has increased from its earlier level to Rs. 17,16,61,600 divided into 1,71,66,160 equity shares of Rs. 10 each. The new shares rank pari-passu with existing equity shares. The board meeting commenced at 2:30 p.m. and concluded at 2:45 p.m.
This is a routine warrant-to-equity conversion with a small dilution of about 0.93% to existing shareholders. The Rs. 3.12 crore inflow strengthens the company's capital base and signals completion of a previously approved preferential fundraising, though the small scale means limited material impact on the stock price.