Retaggio Industries544391Preferential allotment
Board allots 5.04 lakh equity shares on conversion of warrants to a non-promoter
Board meeting on 20 October 2026 approved the tenth tranche of 5.04 lakh equity shares.
By ScoutQuest · · 2 min read
2.4%Allottee's -issue shareholding
- Shares allotted
- 5.04 lakh equity shares
- Issue price
- Rs. 26/- per share
- Allottee holding post allotment
- 5.04 lakh shares, or 2.40% of the company
What the board approved
- The Board of Directors, at its meeting on 20 October 2026, considered and approved the allotment of the tenth tranche of 5.04 lakh equity shares of Rs. 10/- each, fully paid up.
- These shares were issued on conversion of 5.04 lakh convertible warrants allotted on a preferential basis to Sanjay Jaideo Poddar, described in the update as a non-promoter.
- The allotment follows the special resolution passed by shareholders on 11 December 2025 and the in-principle approval from BSE Limited dated 08 January 2026.
How the money was paid
- The issue price is Rs. 26/- per share. At the time of subscribing to the warrants, 25% of the consideration, Rs. 6.5/- per warrant, was paid into the company's bank account.
- The warrant holder has now paid the balance 75%, Rs. 19.5/- per equity share, and exercised the right of conversion. The 75% amount received is Rs. 98,28,000/-.
- The conversion ratio is 1:1 — one equity share for each convertible warrant held.
Shareholding after the allotment
- Sanjay Jaideo Poddar held no shares before this allotment. After it, he holds 5.04 lakh shares, equal to 2.40% of the company's shareholding.
- Because new shares were issued, the total number of shares in the company has gone up, so the percentage stake of existing shareholders in the enlarged base is correspondingly smaller.
What happens to the company's capital
- Consequent to the allotment, the paid-up equity share capital stands increased to Rs. 20,99,21,600/-, divided into ~2.1 crore equity shares of face value Rs. 10/- each.
- The new equity shares rank pari-passu with the existing equity shares.
Points to note on the instrument
- The warrants were allotted on 21 January 2026 and can be exercised in one or more tranches within 18 months from that date.
- If a warrant holder does not exercise the warrants within that period, the unexercised warrants lapse and the amount already paid on them stands forfeited by the company.
Rs. 26/-Issue price per equity share
Balance 75% paid per share on conversionRs. 19.5/-
Amount paid per warrant at subscription (25%Rs. 6.5/-
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More numbers
- Equity shares allotted (tenth tranche)5,04,000
- Issue price per equity shareRs. 26/-
- Balance 75% paid per share on conversionRs. 19.5/-
- Amount paid per warrant at subscription (25%)Rs. 6.5/-
- 75% of issued price received on conversion98,28,000/-
- Paid-up equity share capital post allotmentRs. 20,99,21,600/-
- Total equity shares post allotment2,09,92,160
- Allottee's post-issue shareholding2.40%
Source: BSE · 20 Oct 2026
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