Polymechplast Machines Limited announced a private placement of 720,000 common share at a par value of INR 10 per share , at an issue price of INR 10 per share for gross proceeds of INR 7,200,000 on March 9, 2023. The transaction was approved by the board of directors of the company. The company issued 45% of the entire authorized capital of the company.

The company will receive proceeds in form of cash.