The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Urja Ships Pvt Ltd
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Urja Ships Private Limited, a non-promoter entity, was allotted 16,00,000 equity shares of Retaggio Industries Ltd on 5th March 2026 upon conversion of convertible warrants at face value of Rs. 10 plus a premium of Rs. 16 per warrant. Before this allotment, Urja Ships held only 50,04,000 warrants (14.43% of diluted capital) and no shares. After the conversion, it holds 16,00,000 shares (9.32%) along with 34,04,000 remaining warrants, totalling 14.42% of the diluted share capital. The total equity share capital of Retaggio Industries rose from 15,56,61,600 to 17,16,61,600 shares following this preferential allotment.
This is a non-promoter entity increasing its stake through a planned warrant conversion rather than a market purchase, so it is not a fresh creeping acquisition. Existing shareholders may see modest dilution from the increased share count, but the acquirer's overall economic interest remains roughly unchanged at around 14.4% of the diluted capital.