Retaggio Industries Ltd

Retaggio Industries Allots 1.6M Shares to Urja Ships 🏢📈

• 1,600,000 equity shares allotted on March 5, 2026 through conversion of convertible warrants

• Shares issued to Urja Ships Private Limited, a non-promoter entity

• Total consideration of ₹31,200,000 at ₹19.5 per share (75% of issue price)

• Issue price per share was ₹26, with 25% paid upfront and 75% upon conversion

• 1:1 conversion ratio (each warrant = one equity share of ₹10 face value)

• Paid-up equity share capital increased to ₹17,16,61,600 (1,71,66,160 shares)

• New shares rank pari-passu with existing equity shares

• Shareholder approval obtained on December 11, 2025

• BSE Limited granted in-principle approval on January 8, 2026

• Warrants exercisable within 18 months from allotment, with lapse and forfeiture of initial payment if unexercised