Retaggio Industries Limited has completed the allotment of 4,62,000 equity shares following warrant conversion and filed the mandatory insider trading disclosure under SEBI regulations. The Board of Directors approved the allotment on 21st April, 2026, with the regulatory disclosure submitted on 22nd April, 2026.

Warrant Conversion Details

The equity shares of Rs. 10 each were allotted to Retaggio Trading Services LLP on a preferential basis, representing the fifth tranche of warrant conversion. This conversion was authorized under a special resolution passed by shareholders on 11th December, 2025 and received in-principle approval from BSE Limited on 8th January, 2026.

As per SEBI (ICDR) Regulations, 2018, 25% of the allotment price was paid at subscription. The warrant holders paid the balance 75% consideration of Rs. 90,09,000 upon exercising conversion rights. The warrants were originally allotted on 13th January, 2026 at Rs. 6.50 per warrant, with the balance of Rs. 19.50 per equity share paid upon conversion.

Impact on Share Capital and Shareholding

Following this allotment, the company's paid-up equity share capital increased to Rs. 18,90,01,600 divided into 1,89,00,160 equity shares of face value Rs. 10 each. The newly issued shares rank pari-passu with existing equity shares.

Regulatory Compliance

Retaggio Trading Services LLP filed the insider trading disclosure under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure was signed by Savinay Lodha, Designated Partner (DPIN: 02634124), and submitted to maintain compliance with continual disclosure requirements.

The Board meeting was conducted at the company's registered office from 10:00 a.m. to 10:15 a.m. Warrant holders can exercise their conversion rights in one or more tranches within 18 months from allotment date, with unexercised warrants lapsing thereafter and amounts paid standing forfeited.

Retaggio Industries Limited has successfully concluded its board meeting on April 15, 2026, approving key corporate decisions including Managing Director remuneration revision and subsidiary company incorporation.

Board Meeting Outcome

The board of directors meeting, held at the company's registered office, concluded with approval of significant corporate matters. The meeting commenced at 4:00 PM and concluded at 4:30 PM on April 15, 2026.

Key Board Decisions

The board approved multiple strategic initiatives during the meeting:

Managing Director Remuneration: The board approved revision in remuneration of Mr. Savinay Lodha, Managing Director, subject to approval of company members. A draft postal ballot notice was also approved for this remuneration revision.

Subsidiary Incorporation: The board approved incorporation of a subsidiary company under the name "Lodha Heritage Private Limited" or any name as approved by the Registrar of Companies.

Subsidiary Company Details

The proposed subsidiary will operate in the gems and jewellery industry with specific capital structure and business objectives.

Strategic Business Rationale

The subsidiary formation represents a strategic restructuring initiative. The manufacturing and retail outlet operations of gems and jewellery are proposed to be transitioned to the subsidiary, enabling a more streamlined operational structure and enhanced focus on core business areas.

Corporate Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Savinay Lodha (DIN: 02634124) signed the formal communication to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai.