Gujarat Inject (Kerala) Limited announced a private placement of up to 10,000,000 convertible warrants each convertible into or exchangeable for 1 fully paid up equity share of face value of INR 10 each to the proposed allottees on a preferential basis on December 16, 2023. The transaction has been approved by the shareholders of the company and is subject to the approval of regulatory or statutory authorities and the shareholders of the company at the Extraordinary General Meeting. The transaction included participation from new investors Bhupendra J Rathod (HUF) for 600,000 warrants, Jagatsing Nathusingh Rathod for 600,000 warrants, Jaydeepa Bhupendra Rathod for 600,000 warrants, Kamlaba J Rathod for 542,500 warrants, Meenaben Surendrakumar Shah for 500,000 warrants, Shah Surendra Nemchand for 500,000 warrants, Patel Mital Shreyasbhai for 250,000 warrants, Shreyashkumar Patel for 250,000 warrants, Shivlal Kuberbhai Patel for 1,750,000 warrants, Jignesh Shivlal Makasana for 1,750,000 warrants, Jagrutbhai Kesaribhai Mehta for 1,000,000 warrants, Rajesh Shantilal Sanghvi for 1,000,000 warrants, Gautam Keshavlal Chauhan (HUF) for 225,000 warrants and Pradip Narottambhai Vegada (HUF) for 432,500 warrants.