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, has acquired 16,00,000 equity shares of Retaggio Industries Ltd through the conversion of convertible warrants on 5th March 2026. The warrants were converted at face value of Rs. 10 each with a premium of Rs. 16 per warrant, under a preferential allotment. After the conversion, Urja Ships holds 16,00,000 shares (9.32% of voting capital) plus 34,04,000 remaining warrants, taking its total holding to 50,04,000 securities representing 14.42% of the diluted share capital. Retaggio Industries' equity share capital expanded from 15,56,61,600 to 17,16,61,600 shares as a result of this allotment.
A non-promoter entity is now close to the 10% voting rights threshold, which could trigger additional SEBI disclosure and open-offer obligations. The dilution from the warrant conversion has slightly reduced existing shareholders' proportional ownership.