Retaggio Industries has successfully completed its extraordinary general meeting (EGM) held on December 11, 2025, where shareholders approved significant corporate actions aimed at strengthening the company's capital structure. The EGM, conducted through video conferencing at 2:00 PM, saw all proposed resolutions passed with requisite majority.

EGM Voting Results

The company disclosed voting results under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on December 12, 2025. All three key resolutions were approved by shareholders through remote e-voting and electronic voting during the meeting.

Authorized Share Capital Increase

Shareholders approved the increase in authorized share capital from Rs. 16.00 crores to Rs. 36.00 crores, representing a substantial 125% increase. This expansion increases the capital base from 1.60 crore equity shares to 3.60 crore equity shares, each with a face value of Rs. 10.

Convertible Warrants Approval

The EGM also approved the preferential allotment of 1,91,10,000 convertible warrants to promoters, promoter group entities, and non-promoters. The warrants will be issued in accordance with SEBI regulations.

Key Allottees

Major allottees include Retaggio Trading LLP (57,42,000 warrants), Retaggio Ventures LLP (28,80,000 warrants), Retaggio Hospitality LLP (28,80,000 warrants), Urja Ships Private Limited (50,04,000 warrants), and Uniworth Consultants Private Limited (10,02,000 warrants).

Regulatory Compliance

Nishant Bajaj Associates served as the scrutinizer for the voting process. The voting rights were reckoned as of December 4, 2025, being the cut-off date. Remote e-voting was conducted from December 7-10, 2025, with electronic voting facility available during the EGM for members who could not participate in remote voting.

The approved resolutions will enable the company to strengthen its capital base and fund future growth initiatives, with the issue price for warrants to be determined according to SEBI regulations.

Retaggio Industries Limited has announced key leadership changes following a board meeting held on December 11, 2025. The company's Board of Directors approved significant changes in its Chief Financial Officer position, marking an important transition in the organization's management structure.

Leadership Transition Details

The board meeting, which commenced at 10:45 a.m. and concluded at 11:20 a.m., resulted in two major decisions regarding the CFO position:

Outgoing CFO Resignation

Mr. Noratan Singh Rao has resigned from his position as Director and Chief Financial Officer of Retaggio Industries Limited with immediate effect from December 11, 2025. In his resignation letter addressed to the Board of Directors, Mr. Rao requested to be relieved from his duties and thanked the Board for their support and guidance during his tenure. The resignation was processed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New CFO Appointment

Mr. Savinay Lodha has been appointed as the new Chief Financial Officer of the company with immediate effect. His appointment brings relevant educational background and industry experience to the organization.

Professional Background of Mr. Savinay Lodha:

Regulatory Compliance

Both the resignation and appointment have been disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring all regulatory requirements are met.

Related Party Disclosure

As part of the appointment disclosure, the company has revealed that Mr. Savinay Lodha is related to Mrs. Nidhi Lodha, who serves as a Non-Executive Director of the company. This relationship has been disclosed in accordance with SEBI regulations regarding related party transactions and appointments.

The leadership transition reflects the company's commitment to maintaining strong financial management while ensuring continuity in its operations within the diamond, gems, and jewellery sector.