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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 to a non-promoter, Sanjay Jaideo Poddar, following the conversion of convertible warrants. The allotment, approved in a board meeting on October 20, 2026, involved the payment of the balance 75% consideration for the warrants. This conversion 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 newly issued shares rank pari-passu with existing equity shares.

Key Highlights

  • Board approved allotment of 5,04,000 equity shares.
  • Allotment is pursuant to conversion of warrants into equity.
  • Paid-up equity share capital increased to ₹20.99 Crore.
  • New shares rank pari-passu with existing equity shares.
  • Allotment made to non-promoter Sanjay Jaideo Poddar.