Retaggio Industries Ltd

📊 Retaggio Industries Board Approves Key Moves: MD Pay Revision & New Gems & Jewellery Subsidiary

- Board approved revision in remuneration for Managing Director Mr. Savinay Lodha, subject to shareholder approval

- Board approved incorporation of new subsidiary 'Lodha Heritage Private Limited' with authorized capital of ₹10 lakh

- Company will acquire 76% stake in new subsidiary through cash subscription of ₹7.6 lakh at face value of ₹10 per share

- New subsidiary will focus on gems and jewellery business to enable streamlined operational structure