Misquita Engineering Limited announced a private placement to issue 750,000 common shares at an issue price of INR 40 per share for the gross proceeds of INR 30,000,000, 1,250,000 convertible warrants at an issue price of INR 10 per share for the gross proceeds of INR 12,500,000; aggregate gross proceeds of INR 42,500,000 on December 15, 2023. The transaction will include participation from new investors Kamal Vasantlal Joisher 85,000 shares, Haresh Vasantlal Joisher 85,000 shares, Abhishek Kamal Kishore Kabra 50,000 shares, Gautam Jaigopal Kabra 60,000 shares, Vinil Kabra 60,000 shares, Hardik Kishor Motta 85,000 shares, Jayshree Kishor Motta 85,000 shares, Heena Ullash Shah 100,000 shares, Ishan Ullash Shah 70,000 shares, Hiten N Shah HUF 35,000 shares, Amit Umarshi Bhanushali HUF 17,500 shares and Krupa A Bhanushali 17,500 shares and THOMAS CONSTANCE AVINASH MISQUITA 800,000 warrants, GAIL LUCIA MISQUITA 200,000 warrants, DESIDERIO ANTHONY MISQUITA 100,000 warrants, DEANNE SILVIA SYBIL MISQUITA 50,000 warrants, DELIA VIANNE MISQUITA 50,000 warrants and DENISE LILIA ANTONIA MISQUITA 50,000 warrants. The transaction has been approved by the shareholders of the company and is subject to general shareholders which is to be held on January 12, 2024.