Retaggio Industries Completes Third Warrant Conversion Worth Rs. 58.89 Lakh

Retaggio Industries Limited has successfully completed its third tranche of equity allotment, issuing 3,02,000 equity shares through the conversion of convertible warrants. The Board of Directors approved this allotment during their meeting held on 12th March, 2026, at the company's registered office, with the meeting commencing at 10:30 a.m. and concluding at 10:45 a.m.

Board Meeting Outcome and Regulatory Framework

The warrant conversion has been executed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, and follows the special resolution passed by shareholders on 11th December, 2025. The company received in-principle approval from BSE Limited vide letter number LOD/PREF/SS/FIP/1509/2026-27 dated 08th January, 2026.

Regulatory Aspect:	Details
Warrant Allotment Date:	21st January, 2026
Initial Payment:	Rs. 6.50 per warrant (25%)
Balance Payment:	Rs. 19.50 per equity share (75%)
Exercise Period:	18 months from allotment date
Total Issue Price:	Rs. 26.00 per share

Third Tranche Allotment Details

The latest allotment represents the conversion of 3,02,000 convertible warrants on a preferential basis to Uniworth Consultants Private Limited, the same allottee as the second tranche. As per Regulation 169(2) of the SEBI (ICDR) Regulations, 2018, 25% of the allotment price was paid at the time of subscription, with the balance 75% paid upon conversion exercise.

Parameter:	Details
Allottee:	Uniworth Consultants Private Limited
Number of Shares:	3,02,000
Face Value:	Rs. 10.00 each
75% Consideration Received:	Rs. 58,89,000.00
Pre-Issue Shareholding:	7,00,000 shares (3.91%)
Post-Allotment Shareholding:	10,02,000 shares (5.52%)
Conversion Ratio:	1:1 (One equity share per warrant)

Updated Capital Structure Impact

Following this third allotment, the company's paid-up equity share capital has increased to Rs. 18,16,81,600.00, divided into 1,81,68,160 equity shares of face value Rs. 10.00 each. The new equity shares issued rank pari-passu with the existing equity shares, ensuring equal rights and privileges for all shareholders.

Capital Metrics:	Post Third Allotment
Paid-up Equity Share Capital:	Rs. 18,16,81,600.00
Total Number of Shares:	1,81,68,160
Face Value per Share:	Rs. 10.00

Complete Warrant Conversion Summary

Retaggio Industries has now completed three tranches of warrant conversions within a span of seven days, demonstrating strong investor confidence and successful capital expansion strategy. The combined fundraising effort has resulted in substantial capital infusion for the company's growth initiatives.

Tranche Details:	First Tranche	Second Tranche	Third Tranche	Combined Total
Date:	05th March, 2026	09th March, 2026	12th March, 2026	-
Shares Allotted:	16,00,000	7,00,000	3,02,000	26,02,000
Amount Raised:	Rs. 3,12,00,000.00	Rs. 1,36,50,000.00	Rs. 58,89,000.00	Rs. 5,07,39,000.00
Allottee:	Urja Ships Pvt Ltd	Uniworth Consultants Pvt Ltd	Uniworth Consultants Pvt Ltd	-

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.96%	+7.62%	+36.99%	+112.77%	+98.41%	+98.41%

Retaggio Industries Limited has successfully completed the allotment of convertible equity warrants worth ₹59.90 crores through a preferential issue. The board of directors approved the allotment of 23.04 lakh warrants at ₹26 per warrant during their meeting held on January 21, 2026.

Warrant Allotment Details

The company has allotted the warrants following shareholder approval obtained through an extraordinary general meeting. The warrants are convertible into an equivalent number of equity shares with a face value of ₹10 each, including a premium of ₹16 per share.

Parameter:	Details
Total Warrants Allotted:	23,04,000
Issue Price per Warrant:	₹26.00
Total Issue Size:	₹59,90,40,000
Application Money Received:	₹14,97,60,000
Amount per Warrant (25%):	₹6.50
Conversion Period:	18 months

Regulatory Approvals and Compliance

BSE Limited has granted in-principle approval for the preferential allotment through letter number LOD/PREF/SS/FIP/1509/2026-27 dated January 08, 2026. The allotment complies with the provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.

The equity shares to be allotted upon warrant conversion will be fully paid up and rank pari passu with existing equity shares in all respects, including dividend and voting rights. The board meeting commenced at 11:30 AM and concluded at 12:00 PM on January 21, 2026.

Allottee Details and Shareholding Impact

Five non-promoter entities participated in the warrant allotment, with Uniworth Consultants Private Limited being the largest subscriber.

Allottee Name:	Category	Warrants Allotted	Post-Issue Shareholding (%)
Uniworth Consultants Pvt Ltd:	Non-Promoter	10,02,000	2.89%
Vijay Jaideo Poddar:	Non-Promoter	5,04,000	1.45%
Sanjay Jaideo Poddar:	Non-Promoter	5,04,000	1.45%
Veena Kantilal Chawalla:	Non-Promoter	1,92,000	0.55%
Keight Ventures LLP:	Non-Promoter	1,02,000	0.29%

Conversion Terms and Exercise Options

Each warrant is convertible into one equity share at ₹26 per share, comprising ₹10 face value and ₹16 premium. Warrant holders can exercise their conversion option within 18 months from the allotment date by paying the remaining 75% of the issue price (₹19.50 per warrant) in one or more tranches.

All outstanding warrants will lapse after the 18-month period if not exercised. The warrants are subject to appropriate adjustments for corporate actions such as bonus issues, rights issues, stock splits, or other similar events during the conversion period. The post-preferential issue shareholding calculations assume full conversion of all warrants into equity shares.