Retaggio Industries Allots Equity Shares to Non-Promoter after Warrant Conversion

Retaggio Industries Ltd. has allotted 16,00,000 equity shares to Urja Ships Private Limited, a non-promoter, following the conversion of warrants into equity shares. The allotment was made during a board meeting on March 5, 2026, and is in accordance with a special resolution passed by the shareholders on December 11, 2025. The new equity shares, with a face value of Rs. 10 each, rank pari-passu with the existing equity shares. The paid-up equity share capital of the company now stands at Rs. 17,16,61,600. The warrant holders were entitled to exercise the warrants in one or more tranches within a period of 18 months from the date of allotment. The unexercised warrants would lapse after 18 months, and the amount paid by the warrant holders on such warrants would be forfeited by the company.