Royale Manor Hotels and Industries Limited announced a private placement to issue 950,000 convertible warrants at an issue price of INR 5.5775 for the gross proceeds of INR 5,298,625 on September 4, 2023. The transaction will include participation from returning investor Shree Bala Finvest Pvt Ltd. The transaction is subject to general shareholders and is subject to the approval of shareholders of the Company at the ensuing 32nd Annual General Meeting (?AGM?) and such regulatory/statutory authorities which is to be held on September 30, 2023. Before completion, the investor held 20,87,100 shares for 11.05% stake and post completion, the investor will hold 30,37,100 shares for 15,31% stake.