Retaggio Industries Limited announced the successful allotment of 28,80,000 convertible equity warrants following its board meeting held on January 14, 2026. The preferential allotment was approved after obtaining shareholder consent through an Extra Ordinary General Meeting and receiving BSE's in-principle approval.

Warrant Allotment Details

The company allotted the warrants at an issue price of ₹26.00 per warrant, aggregating to a total value of ₹7,48,80,000. As per regulatory requirements, Retaggio Industries received 25% of the issue price upfront, amounting to ₹1,87,20,000 at ₹6.50 per warrant.

Conversion Terms and Timeline

Each warrant is convertible into one equity share of ₹10.00 face value at a premium of ₹16.00 per share. The warrant holders can exercise their conversion option within 18 months from the allotment date by paying the remaining 75% of the issue price, which amounts to ₹19.50 per warrant.

The conversion can be exercised in one or more tranches during the 18-month period. Any outstanding warrants not exercised within this timeframe will automatically lapse. The resulting equity shares will rank pari passu with existing shares, carrying equal dividend and voting rights.

Allottee and Shareholding Impact

The entire warrant allotment was made to M/s. Retaggio Ventures LLP, classified as a promoter group entity. Prior to this allotment, the entity held no shares in the company.

Regulatory Compliance

The allotment was conducted in accordance with the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018. BSE Limited granted in-principle approval through Letter no. LOD/PREF/SS/FIP/1509/2026-27 dated January 08, 2026. The board meeting commenced at 10:00 AM and concluded at 10:15 AM on January 14, 2026, with Managing Director Savinay Lodha (DIN: 02634124) signing the resolution.

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. This preferential allotment strengthens the company's capital base while providing the promoter group with an opportunity to increase their stake in the business.

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:

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:

*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.