Corporate Action2 Nov 2026, 10:41 am
Retaggio Industries Allots 5.04 Lakh Shares on Warrant Conversion
AI Summary
Retaggio Industries Ltd announced the allotment of 5,04,000 Equity Shares to a Non-Promoter, Vijay Jaideo Poddar, following the conversion of convertible warrants. The company received the balance 75% of the consideration for these warrants, amounting to ₹98,28,000/-, in a Board Meeting held on November 2, 2026. This allotment increases the company's paid-up equity share capital to ₹21,49,61,600/-, comprising 2,14,96,160 equity shares of ₹10 each. The newly issued shares rank pari-passu with existing equity shares.
Key Highlights
- 5,04,000 equity shares allotted upon warrant conversion.
- Allotment made to non-promoter Vijay Jaideo Poddar.
- ₹98,28,000 received as balance consideration for warrants.
- Paid-up equity capital increased to ₹21.50 Crore.
- New shares rank pari-passu with existing equity.
Price Impact
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