Retaggio Industries544391Preferential allotment
Board approves allotment of 5.04 lakh equity shares on conversion of warrants
Board approved allotment of 5.04 lakh equity shares of Rs. 10/- each to Sanjay Jaideo Poddar (Non-Promoter) on conversion of an equal number of convertible warrants, on a preferential basis.
By ScoutQuest · · 2 min read
2.4%Allottee's -issue shareholding
- Shares Allotted
- 5.04 lakh equity shares of Rs. 10/- each
- Paid-up Capital Post Allotment
- Rs. 20,99,21,600/- divided into ~2.1 crore equity shares
- Allottee Post-Issue Stake
- 2.40%
What the Board approved
- At its meeting on 20th October 2026, the Board of Retaggio Industries Ltd approved the allotment of the tenth tranche of 5.04 lakh equity shares of face value Rs. 10/- each, fully paid up.
- These shares were issued to Sanjay Jaideo Poddar, described as a Non-Promoter, on conversion of 5.04 lakh convertible warrants held by him, on a preferential basis.
- The conversion ratio is 1:1, meaning one equity share for every one convertible warrant.
How the money came in
- The warrants were allotted on 21st January 2026 at Rs. 6.5/- per warrant, which was 25% of the total consideration, paid at the time of subscription.
- The balance of Rs. 19.5/- per equity share, being 75% of the total consideration, has now been received and the holder exercised the right of conversion.
- This makes the total issue price Rs. 26/- per share. The 75% balance received in this tranche is Rs. 98,28,000/-.
Share capital after the allotment
- Paid-up equity share capital stands at Rs. 20,99,21,600/-, divided into ~2.1 crore equity shares of face value Rs. 10/- each.
- The new shares rank pari-passu with the existing equity shares.
- Before this allotment the allottee held no shares; after it he holds 5.04 lakh shares, equal to 2.40% of the post-issue share capital.
Approvals behind the issue
- Shareholders passed a special resolution on 11th December 2025 for the preferential issue.
- BSE gave its in-principle approval for the listing of these shares.
- The company has enclosed the disclosures required under the SEBI circular dated 11th November 2024 on conversion of warrants and allotment of equity shares.
Points a retail holder may note
- This is a conversion of warrants that were already issued, so the shares come with the balance payment being received rather than as a fresh cash-raising exercise.
- The issue adds 5.04 lakh shares to the total count of ~2.1 crore shares, so the allottee now holds 2.40% of the company.
- The warrant terms provided an 18-month window from allotment to exercise; warrants not exercised in that period lapse and the amount paid on them stands forfeited by the company.
Also from Retaggio Industries
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More numbers
- Equity shares allotted on warrant conversion5,04,000
- Face value per equity shareRs. 10/-
- 75% balance consideration received in this trancheRs. 98,28,000/-
- Paid-up equity share capital after allotmentRs. 20,99,21,600/-
- Total equity shares after allotment2,09,92,160
- Issue price per equity shareRs. 26/-
- Balance paid per equity share (75% of consideration)Rs. 19.5/-
- Allottee's post-issue shareholding2.40%
Source: BSE · 20 Oct 2026
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