Shish Industries Limited announced a private placement of up to 1,104,055 equity shares at a issue price of INR 10 per equity share for proceeds of INR 11,040,550 on February 3, 2023. The transaction will include participation from non-promoters including Shailesh Kumar Chhaganbhai Jasani for 57,804, Rajesh Bapodara for 28,902, Namrata Alkesh Desai for 57,804, Dholiya Arti Bhaveshbhai for 115,607, Bhavin Vijaykumar Gandhi for 14,451, Shilpi Sogani for 14,451, Viral Alpeshkumar Shah for 5,78,035, Nirav Shaileshbhai Sonpal for 11,561, Sonpal Bhartiben Shaileshkumar for 11,561, Krupa Sagarkumar Sonpal for 11,561, Sagar Shaileshbhai Sonpal for 11,561, Khimani Brijesh Damodar for 11,561, Nena Brijeshkumar Khimani for 11,561, Diptiben Harshadbhai Khimani for 11,561, Sapanaben Brijeshbhai Khimani for 11,561, Harshadbhai Damodardas Khimani for 11,561, Bhisra Mohanbhai Naranihai for 28,902, Kantibhai L Savani for 28,902, Dipak Lakhani for 28,902, Vipul Premchandra Kotadiya for 5,781, Vipul Premchandra Kotadiya (HUF) for 8,671, Jasmin Pravinbhai Kotadiya for 5,781, Kotadiya Jasmin Pravinbhai (HUF) for 8,671, and Dishant Ajaybhai Raja for 5,781 equity shares. The company will issue shares through preferential allotment.

The transaction has been approved by the board of directors of the company. The transaction is subject to approval of the shareholders of the company. The offer price is to be determined in accordance with SEBI and disclosure requirements.