Corporate Action29 Apr 2026, 10:55 am
Retaggio Industries Allots 3.3 Lakh Equity Shares via Warrant Conversion
AI Summary
Retaggio Industries Ltd's Board of Directors, in a meeting held on April 29, 2026, approved the allotment of 3,30,000 fully paid-up equity shares of ₹10 each. These shares were issued on a preferential basis following the conversion of 3,30,000 convertible warrants. The allottee, Retaggio Trading Services LLP (a promoter entity), paid the balance 75% of the consideration (₹19.5 per share) for the conversion. Consequently, the company's paid-up equity share capital has increased to ₹19,23,01,600, divided into 1,92,30,160 equity shares. The new shares rank pari-passu with existing equity shares. Post-allotment, Retaggio Trading Services LLP's shareholding increased from 30.22% to 31.42%.
Key Highlights
- Company allotted 3,30,000 equity shares upon conversion of convertible warrants.
- Shares were issued on a preferential basis to Retaggio Trading Services LLP (Promoter).
- Paid-up equity share capital increased to ₹19.23 Crores.
- Promoter's shareholding increased from 30.22% to 31.42% post-allotment.
- Each equity share was allotted at ₹26, with ₹19.5 paid upon conversion.
Price Impact
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