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Corporate Action20 Oct 2026, 06:20 pm

Retaggio Industries Allots 5.04 Lakh Equity Shares on Warrant Conversion

AI Summary

Retaggio Industries Ltd announced the allotment of 5,04,000 equity shares following the conversion of convertible warrants. The board of directors approved this preferential allotment during a meeting held on October 20, 2026. The conversion is in accordance with a special resolution passed by shareholders on December 11, 2025, and in-principle approval from BSE. The allottee, Sanjay Jaideo Poddar, paid the balance 75% of the consideration for the warrants. This allotment increases the company's paid-up equity share capital to ₹20,99,21,600, comprising 2,09,92,160 equity shares of ₹10 each. The new shares rank pari-passu with existing shares.

Key Highlights

  • Board approved allotment of 5,04,000 equity shares.
  • Allotment is from conversion of convertible warrants.
  • Paid-up equity share capital increased to ₹20.99 Crore.
  • Sanjay Jaideo Poddar is the allottee of the new shares.
  • New shares rank pari-passu with existing equity shares.