Retaggio Industries Limited announced the successful allotment of 28,80,000 convertible equity warrants at an issue price of ₹26.00 per warrant on January 15, 2026. The board of directors approved this preferential allotment during a meeting held from 10:45 a.m. to 11:05 a.m., following prior shareholder approval obtained through an extraordinary general meeting.

Warrant Allotment Details

The convertible warrants represent a significant fundraising initiative for the company, with comprehensive terms structured for optimal flexibility:

Allottee and Shareholding Impact

The entire warrant allotment has been made to M/s. Retaggio Hospitality LLP, classified as a promoter group entity. This strategic allocation will significantly impact the company's shareholding structure upon conversion:

Conversion Terms and Timeline

The warrants carry specific conversion provisions designed to provide flexibility while ensuring timely exercise. Each warrant converts into one equity share of ₹10.00 face value at a premium of ₹16.00 per share. The conversion window extends for 18 months from the allotment date, allowing holders to exercise their option by paying the remaining 75% of the issue price (₹19.50 per warrant) in one or more tranches.

Warrants not exercised within the 18-month period will automatically lapse. The conversion terms include appropriate adjustment mechanisms for corporate actions such as bonus issues, rights issues, demergers, or share consolidation/subdivision during the interim period.

Regulatory Compliance and Approvals

The allotment complies with applicable provisions of 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. Upon conversion, the resulting equity shares will rank pari passu with existing equity shares, carrying equal dividend and voting rights from the allotment date.

The disclosure fulfills requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The warrants were issued on a preferential basis through private placement, representing a strategic capital raising initiative for the company's growth plans.

Retaggio Industries Limited announced the successful completion of its convertible equity warrant allotment worth ₹7,48,80,000 following board approval on January 14, 2026. The company allotted 28,80,000 warrants at ₹26.00 per warrant to a promoter group entity on a preferential basis, marking a significant capital raising initiative.

Warrant Allotment Details

The board meeting, conducted from 10:00 AM to 10:15 AM, approved the allotment following shareholder approval obtained through an extraordinary general meeting. The company received the mandatory 25% initial payment of ₹6.50 per warrant, totaling ₹1,87,20,000 from the allottee.

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 conversion option can be exercised within 18 months from the allotment date, with warrant holders required to pay the remaining 75% of the issue price (₹19.50 per warrant) during conversion.

The conversion terms include:

• Conversion Period: 18 months from allotment date
• Remaining Payment: ₹19.50 per warrant upon conversion
• Payment Structure: One or more tranches as applicable
• Automatic Lapse: All unexercised warrants lapse after 18 months

Allottee and Shareholding Impact

The entire warrant allotment was made to M/s. Retaggio Ventures LLP, categorized as a promoter group entity. Upon full conversion, the allottee will hold 28,80,000 equity shares, representing 8.31% of the company's shareholding on a fully diluted basis.

Regulatory Compliance and Approvals

The preferential 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 equity shares resulting from warrant conversion will rank pari passu with existing equity shares, carrying equal dividend and voting rights from the allotment date. The warrants are subject to appropriate adjustments for corporate actions including capitalization of profits, rights issues, demerger, or share consolidation during the conversion period.