Item No. 1: Issuance of Equity Shares to the Public
- Up to 9,02,527 shares at Rs. 277/- each (premium of Rs. 275/-).
- Allottee: Gagandeep Credit Capital Private Limited.
Item No. 2: Issuance of Convertible Warrants to Promoter Group
- Up to 17,85,714 warrants at Rs. 280/- each.
- Allottee: Shri Ashok Sarin Anant Raj LLP.
- Warrants convertible to Equity Shares within 18 months.
Utilization of Gross Proceeds:
- Repayment/Prepayment of Borrowings: (current debt. 848 cr., Debt/equity 0.29)
- Amount: Rs. 56.25 Crores
- Timeline: By September 30, 2025
- General Corporate Purposes:
- Amount: Rs. 18.75 Crores
- Timeline: By September 30, 2025
Total Estimated Amount to be Utilized: Rs. 75.00 Crores
Note: The payment for Equity Shares and Warrants is detailed in the resolutions. For Equity Shares, the entire consideration is to be paid before allotment. For Warrants, 25% of the Warrant Issue Price is paid before allotment, and the remaining 75% is payable at the time of exercising the Warrants.
| Subscribe To Our Free Newsletter |
