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.

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.

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.

Retaggio industries Limited has received a disclosure from Retaggio Trading Services LLP regarding the acquisition of warrants under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was completed through preferential allotment on January 17, 2026.

Acquisition Details

Retaggio Trading Services LLP acquired 16,95,846 warrants/convertible securities, representing 4.89% of the total diluted share capital. The acquisition was executed through preferential allotment mode, with the disclosure filed on January 20, 2026.

Shareholding Pattern Changes

The acquisition has resulted in significant changes to Retaggio Trading Services LLP's shareholding pattern in the target company. Prior to this transaction, the entity held 92,96,154 total securities, representing 28.17% of the diluted share capital.

Company Capital Structure

Retaggio Industries Limited maintains an equity share capital of ₹1,55,66,160, which remains unchanged post-acquisition. However, the total diluted share capital, accounting for all convertible securities and warrants, stands at ₹3,46,76,160.

Regulatory Compliance

The disclosure confirms that Retaggio Trading Services LLP does not belong to the promoter or promoter group of Retaggio Industries Limited. The company's shares are listed on BSE Limited under scrip code 544391. The transaction complies with SEBI regulations requiring disclosure of substantial acquisitions exceeding specified thresholds.

The filing was signed by Savinay Lodha on behalf of Retaggio Trading Services LLP, with proper digital authentication completed on January 20, 2026. This acquisition strengthens the LLP's position in the target company while maintaining regulatory transparency through timely disclosures.