News Corporate Actions Retaggio Industries Allots ₹3.92 Crore Convertible Warrants to Promoter EntityRetaggio Industries Allots ₹3.92 Crore Convertible Warrants to Promoter Entity
Retaggio Industries Limited completed the allotment of 15,07,692 convertible equity warrants at ₹26 per warrant to promoter entity Retaggio Trading Services LLP on January 13, 2026. The company received ₹97.99 lakhs as 25% application money from the ₹3.92 crore total issue size. The warrants are convertible into equity shares within 18 months at ₹19.50 per share, with BSE providing in-principle approval for the preferential allotment.
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Retaggio Industries Limited's Board of Directors has approved a significant capital raising initiative through the allotment of convertible equity warrants on a preferential basis. The board meeting, held on January 13, 2026, concluded the allotment process following shareholder approval obtained through an extraordinary general meeting.
Warrant Allotment Details
The company has successfully allotted convertible equity warrants with the following key parameters:
| Parameter: | Details |
|---|---|
| Number of Warrants: | 15,07,692 |
| Issue Price per Warrant: | ₹26.00 |
| Total Issue Size: | ₹3,91,99,992 |
| Initial Payment Received: | ₹97,99,998 (25% of issue price) |
| Payment per Warrant: | ₹6.50 |
The warrants have been issued on a preferential basis in accordance with the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018. BSE Limited has granted in-principle approval for the allotment through Letter no. LOD/PREF/SS/FIP/1509/2026-27 dated January 08, 2026.
Conversion Terms and Timeline
Each convertible warrant carries specific conversion rights and obligations:
- Conversion Ratio: Each warrant converts into one equity share of ₹10 face value
- Exercise Price: ₹19.50 per share (remaining 75% of issue price)
- Premium Component: ₹16.00 per equity share
- Conversion Period: 18 months from allotment date
- Exercise Flexibility: Conversion possible in one or more tranches
The warrants will automatically lapse if the conversion option is not exercised within the 18-month period. All conversion terms remain subject to appropriate adjustments for corporate actions such as bonus issues, rights issues, or share subdivisions.
Allottee Information and Shareholding Impact
The entire warrant allotment has been made to a single promoter entity:
| Allottee Details: | Information |
|---|---|
| Allottee Name: | Retaggio Trading Services LLP |
| Category: | Promoter |
| Warrants Allocated: | 15,07,692 |
| Pre-Issue Shareholding: | 52,50,000 shares (33.73%) |
| Post-Conversion Shareholding: | 1,09,92,000 shares (31.70%)* |
*Post preferential issue shareholding calculated on fully diluted basis assuming complete warrant conversion.
Rights and Regulatory Compliance
The equity shares resulting from warrant conversion will carry full rights and privileges. These shares will rank pari passu with existing equity shares in all respects, including dividend entitlements and voting powers, effective from the allotment date. The entire process has been structured in compliance with applicable securities regulations and the company's constitutional documents.
The board meeting commenced at 11:15 AM and concluded at 11:40 AM on January 13, 2026, with Managing Director Savinay Lodha (DIN: 02634124) signing the formal documentation. The allotment represents a strategic capital raising initiative that strengthens the company's financial position while maintaining promoter participation in the growth story.
Historical Stock Returns for Retaggio Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.81% | +6.51% | +17.57% | +76.47% | +72.62% | +72.62% |
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