Retaggio Industries Allots 4.62 Lakh Equity Shares via Warrant Conversion

Retaggio Industries Limited has announced the allotment of 4,62,000 equity shares following the conversion of convertible warrants. The Board of Directors approved the allotment during a meeting held on 21st April, 2026 at the company's registered office, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

The equity shares of Rs. 10 each, fully paid up, were allotted to Retaggio Trading Services LLP on a preferential basis. This represents the fifth tranche of warrant conversion, authorized under a special resolution passed by shareholders on 11th December, 2025 and in-principle approval from BSE Limited received on 8th January, 2026.

Sr. No Name of the Allottee(s) No. of Equity Shares 75% of Issued Price (Rs.) 1 Retaggio Trading Services LLP 4,62,000 90,09,000/- TOTAL 4,62,000 90,09,000/-

As per Regulation 169(2) of the SEBI (ICDR) Regulations, 2018, 25% of the allotment price was paid at the time of subscription. The warrant holders have now paid the balance 75% consideration amounting to Rs. 90,09,000 and exercised their conversion rights. The warrants were originally allotted on 13th January, 2026 at Rs. 6.5 per warrant (25% of total consideration), with the balance of Rs. 19.5 per equity share (75% of total consideration) paid upon conversion.

Consequent to this allotment, the paid-up equity share capital of Retaggio Industries Limited stands increased to Rs. 18,90,01,600 divided into 1,89,00,160 equity shares of face value Rs. 10 each. The newly issued equity shares rank pari-passu with existing equity shares. Retaggio Trading Services LLP's shareholding position changed from 52,50,000 shares (33.73%) pre-issue to 57,12,000 shares (30.22%) post-issue.

The Board meeting commenced at 10:00 a.m. and concluded at 10:15 a.m. The disclosures have been made in accordance with SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Warrant holders are entitled to exercise warrants in one or more tranches within 18 months from the date of allotment, with unexercised warrants lapsing thereafter and the amount paid standing forfeited.

Shareholding Details

S. No Particulars Pre Issue Shareholding Post Issue Shareholding No. of Shares % of Share holding No. of Shares % of Share holding 1 Retaggio Trading Services LLP 52,50,000 33.73% 57,12,000 30.22%

Retaggio Industries Limited has successfully concluded its board meeting on April 15, 2026, approving key corporate decisions including Managing Director remuneration revision and subsidiary company incorporation.

Board Meeting Outcome

The board of directors meeting, held at the company's registered office, concluded with approval of significant corporate matters. The meeting commenced at 4:00 PM and concluded at 4:30 PM on April 15, 2026.

Meeting Details: Information Date: April 15, 2026 Duration: 4:00 PM to 4:30 PM Venue: Registered office Regulatory Framework: SEBI Regulation 30

Key Board Decisions

The board approved multiple strategic initiatives during the meeting:

Managing Director Remuneration: The board approved revision in remuneration of Mr. Savinay Lodha, Managing Director, subject to approval of company members. A draft postal ballot notice was also approved for this remuneration revision.

Subsidiary Incorporation: The board approved incorporation of a subsidiary company under the name "Lodha Heritage Private Limited" or any name as approved by the Registrar of Companies.

Approved Matters: Details MD Remuneration Revision: Subject to member approval Subsidiary Name: Lodha Heritage Private Limited Postal Ballot Notice: Approved for MD remuneration

Subsidiary Company Details

The proposed subsidiary will operate in the gems and jewellery industry with specific capital structure and business objectives.

Subsidiary Parameters: Specifications Authorized Capital: ₹10.00 lakh (1,00,000 shares of ₹10 each) Paid-up Capital: ₹10.00 lakh Industry Focus: Gems & Jewellery Shareholding: 76% by Retaggio Industries Share Price: ₹10.00 per share (face value)

Strategic Business Rationale

The subsidiary formation represents a strategic restructuring initiative. The manufacturing and retail outlet operations of gems and jewellery are proposed to be transitioned to the subsidiary, enabling a more streamlined operational structure and enhanced focus on core business areas.

Corporate Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Savinay Lodha (DIN: 02634124) signed the formal communication to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai.

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