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.

Retaggio Industries Limited has successfully completed the allotment of 2,70,000 equity shares following the conversion of convertible warrants, as announced in a board meeting held on April 7, 2026. The allotment represents the fourth tranche of warrant conversions under the company's preferential allotment scheme.

Warrant Conversion Details

The conversion involved Retaggio Industries Ventures LLP, a promoter group entity, exercising their right to convert 2,70,000 convertible warrants into equity shares. The warrants were originally allotted on January 14, 2026, following a special resolution passed by shareholders on December 11, 2025.

SEBI Takeover Regulations Disclosure

Following the warrant conversion, Retaggio Ventures LLP filed a disclosure under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on April 8, 2026. The disclosure was signed by Savinay Lodha, Designated Partner of Retaggio Ventures LLP, with DPIN 02634124.

Holdings Analysis

The disclosure reveals Retaggio Ventures LLP's complete holding structure before and after the warrant conversion. Prior to the acquisition, the entity held 28,80,000 convertible warrants representing 8.30% of the diluted share capital.

Financial Impact and Capital Structure

The warrant conversion follows the regulatory framework under SEBI (ICDR) Regulations, 2018, where 25% of the allotment price was paid at the time of initial warrant subscription. The remaining 75% consideration of Rs. 19.50 per equity share was paid upon conversion, totaling Rs. 52.65 lakhs.

Regulatory Compliance Framework

The allotment was conducted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The company received in-principle approval from BSE Limited vide letter number LOD/PREF/SS/FIP/1509/2026-27 dated January 8, 2026. Under the convertible warrant scheme, warrant holders have an 18-month window from the date of allotment to exercise their conversion rights in one or more tranches.

The newly issued equity shares rank pari-passu with existing equity shares, providing equal rights and privileges to the allottee. This conversion follows SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance across multiple SEBI regulations including insider trading and takeover disclosure requirements.