Retaggio Industries Ltd

💰 Retaggio Industries Approves ₹13.79 Cr Warrant Allotment – Key Details Inside

- Retaggio Industries approved allotment of 53,04,000 convertible equity warrants at ₹26 per warrant (total ₹13.79 Cr).

- 25% upfront payment received (₹6.50 per warrant, totaling ₹3.44 Cr).

- Warrants convertible into equity shares within 18 months, with remaining 75% due upon conversion.

- New shares will have equal rights (dividends/voting) as existing shares.

- Two allottees: Urja Ships Pvt Ltd (50,04,000 warrants) & Manish Kumar Badola (3,00,000 warrants).

- Post-conversion, Urja Ships will hold 14.43% equity, Badola 0.87% (fully diluted basis).

- Board approved the move in a meeting held on Jan 22, 2026.