Corporate Action18 Jun 2026, 04:13 pm
Retaggio Industries Allots 2.72 Lakh Shares, Acquires Property
AI Summary
Retaggio Industries Ltd announced the outcome of its Board Meeting held on June 18, 2026. The board approved the allotment of 2,72,000 equity shares following the conversion of convertible warrants. This allotment increases the company's paid-up equity share capital to ₹19,80,81,600. Additionally, the board approved the acquisition of an immovable property in Mumbai for approximately ₹10 Crores, authorizing the Managing Director to complete the transaction. The meeting also confirmed the conversion of warrants held by Retaggio Ventures LLP and Keight Ventures LLP.
Key Highlights
- Allotment of 2.72 lakh equity shares upon conversion of warrants.
- Paid-up equity share capital increased to ₹19.81 Crores.
- Acquisition of a Mumbai property for ₹10 Crores approved.
- Retaggio Ventures LLP and Keight Ventures LLP are the allottees.
- New shares rank pari-passu with existing equity shares.
Price Impact
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