Retaggio Industries Limited has officially appointed Mr. Vinaykumar Kadedeen Yadav as Internal Auditor for the financial year 2025-26, following approval by the Board of Directors at their meeting held on March 30, 2026. The appointment was communicated to BSE Limited through a formal board meeting outcome notification under Regulation 30 of SEBI regulations.

Board Meeting Details

The Board of Directors convened on March 30, 2026, at the company's registered office in Mumbai. The meeting was presided over by Managing Director Savinay Lodha (DIN: 02634124) and focused primarily on the internal auditor appointment. The meeting commenced at 04:00 P.M. and concluded at 04:30 P.M.

Appointee Profile and Qualifications

Mr. Vinaykumar Kadedeen Yadav brings substantial expertise to his new role as Internal Auditor. According to the official disclosure, he is a Commerce graduate (B.Com) with over 10 years of comprehensive experience in the accounting and finance domain. His professional capabilities encompass financial accounting, bookkeeping, internal controls, and regulatory compliance.

Regulatory Compliance and Independence

The appointment has been made in strict compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring complete regulatory compliance.

Crucially, Mr. Yadav maintains complete independence as he has no existing relationships with the current Directors of the company. This independence is vital for maintaining the integrity and objectivity of the internal audit function.

Strategic Significance

The appointment strengthens Retaggio Industries Limited's governance framework and internal control systems. Mr. Yadav's specialized knowledge in inventory management and valuation, particularly in the jewellery industry, aligns well with the company's operational requirements. His expertise in risk assessment and internal control frameworks will enhance the company's ability to identify and mitigate operational and financial risks effectively.

Urja Ships Private Limited has completed the conversion of 16,00,000 convertible warrants into equity shares of Retaggio Industries Limited, as disclosed in a comprehensive regulatory filing to BSE Limited on 7th March, 2026. The transaction was executed on 5th March, 2026, through preferential allotment pursuant to warrant conversion.

Transaction Structure and Pricing

The warrant conversion was completed at a face value of Rs. 10 per share with a premium of Rs. 16 per warrant, following a 1:1 conversion ratio. The converted warrants had an 18-month exercise window with no redemption provisions applicable.

Shareholding Pattern Transformation

The conversion significantly altered Urja Ships' position in Retaggio Industries. Prior to the transaction, the company held no equity shares but possessed 50,04,000 convertible warrants representing 14.43% of total diluted share capital.

Capital Structure Impact

The warrant conversion resulted in substantial changes to Retaggio Industries' capital structure. The company's equity share capital increased from Rs. 15,56,61,600 to Rs. 17,16,61,600 following the allotment, while the total diluted share capital stands at Rs. 34,67,61,600 after the acquisition.

Regulatory Compliance and Disclosure

The formal disclosure was submitted by Sandeep Kothari, Director of Urja Ships Private Limited (DIN: 08574383), in strict compliance with Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that Urja Ships Private Limited does not belong to the promoter or promoter group of Retaggio Industries Limited.