Retaggio Industries Ltd — Important, 22-01-2026: Company Update
22-01-2026 | 11:37 am
22-01-2026 | 11:37 am
Retaggio Industries' Board approved the preferential allotment of 53,04,000 convertible equity warrants at Rs. 26 each, aggregating to Rs. 13.79 Cr. The company received an initial 25% payment of Rs. 3.45 Cr. Each warrant converts into one equity share within 18 months upon payment of the remaining 75%. This capital infusion from two non-promoter investors, Urja Ships Private Limited and Manish Kumar Badola, strengthens the company's financial position and supports future growth initiatives without immediate equity dilution.
No comments yet. Be the first to comment!
