Golkonda Aluminium Extrusions Limited announced a private placement of 1,550,000 shares at a price of INR 10 per share for gross proceeds of INR 15,500,000 on April 8, 2021. The common shares will be issued on preferential basis at face value of INR 10 per share. The transaction will include participation from Hari Prakash Agrawal for 300,000 shares, Veena Gupta for 250,000 shares, Vijay Kumar Gupta for 500,000 shares, and Ashish Kumar Gupta for 500,000 shares.

The transaction was approved by the board of directors of the company and subject to approval from members of the company. The securities are restricted in nature.