On December 15, 2023, Novateor Research Laboratories Limited closed the transaction. The company issued 1,219,000 warrants at an issue price of INR 7 per share for the gross proceeds of INR 8,533,000. The transaction included participation from Navdeep Subhashbhai Mehta 72,000 warrants, Subhashchandra Maganlal Mehta 108,000 warrants, Jitin Jaysukhlal Doshi 300,000 warrants, Preeti Jitin Doshi 78,000 warrants, Reshma Nitin Doshi 78,000 warrants, Jaysukhlal Shantilal Doshi 78,000 warrants, Rushabh Jitin Doshi 48,000 warrants, Jainam Nitin Doshi 48,000 warrants, Yashika Jitin Doshi 48,000 warrants, Himani Nitin Doshi 48,000 warrants, Mathakia Indumati S 24,000 warrants, Patel Kinnar Kumar 18,000 warrants, Patel Kinjalben 18,000 warrants,
Neelam Patel 12,000 warrants, Sudarshan Singh 12,000 warrants, Namrata Pankaj Deopura 6,000 warrants, Noureen Nasim Hemani 12,000 warrants, Nasim Murad Hemani 6,000 warrants, Nishit Mukund Badani 85,000 warrants, Dinesh Arjun Patel 12,000 warrants, Sarthak Dinesh Patel 12,000 warrants, Angad D Patel 12,000 warrants, Shaikh Faisal 6,000 warrants, Anuj H Gandhi 6,000 warrants, Malvika Anuj Gandhi 6,000 warrants, Rajkumar Mantri 18,000 warrants, Alpa Rathi 18,000 warrants and Modi Darshana Kantilal 30,000 warrants. The transaction has been approved by the shareholders of the company.