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Corporate Action18 Jun 2026, 04:11 pm

Retaggio Industries Allots 2.72 Lakh Shares on Warrant Conversion

AI Summary

Retaggio Industries Ltd announced the allotment of 2,72,000 equity shares following the conversion of warrants into equity. This preferential allotment, approved in a Board Meeting held on June 18, 2026, involved 1,70,000 shares to Retaggio Ventures LLP and 1,02,000 shares to Keight Ventures LLP. The conversion 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. The meeting commenced at 3:15 p.m. and concluded at 3:45 p.m.

Key Highlights

  • Allotted 2,72,000 equity shares upon warrant conversion.
  • Equity capital increased to ₹19,80,81,600 post-allotment.
  • Approved acquisition of a Mumbai property for ₹10 Crores.
  • Retaggio Ventures LLP and Keight Ventures LLP were the allottees.