Garodia Chemicals Limited (BSE:530161) announced a private placement of 0.01% redeemable non-convertible preference shares on February 21, 2019. The company will issue 3,423,216 shares at a price of INR 10 per share for gross proceeds of INR 34,232,160 on a preferential basis. The transaction has been approved by the board of directors of the company.