Shree Rajasthan Syntex Limited announced a private placement of 14,310,000 equity shares at an issue price of INR 10 per share for the gross proceeds of INR 143,100,000 on a preferential basis on January 6, 2024. The transaction has been approved by the shareholders of the company and is subject to shareholders approval and such other regulatory authority. The transaction will include participation from new investors V.K Texchem Pvt Ltd for 6,240,000 shares, Shree Shyam Distributors & Marketing Pvt Ltd. for 840,000 shares, SRSL Securities Ltd. for 650,000 shares, CLK SHARES AND SECURITIES PRIVATE LIMITED for 750,000 shares and individual investors VIKAS LADIA for 80,000 shares, ANISH KISHORE MODI for 2,000,000 shares, YASH KELA for 1,000,000 shares, MITHUN SACHETI for 1,000,000 shares, SHATUL KAMAL GUPTA for 500,000 shares and PRIYA SINGH AGGARWAL for 1,250,000 shares.

Pre issuance, V.K Texchem Pvt Ltd holds 7,44,871shares for 5.44% stake, Shree Shyam Distributors & Marketing Pvt Ltd. holds 8,01,924 shares for 5.85% stake, VIKAS LADIA holds 5,24,365 shares for 3.83% stake and SRSL Securities Ltd. holds 21,07,855 shares for 15.38% stake. Post issuance, V.K Texchem Pvt Ltd will hold 69,84,871 shares for 24.94% stake, Shree Shyam Distributors & Marketing Pvt Ltd. will hold 16,41,924 shares for 5.86% stake, VIKAS LADIA will hold 6,04,365 2.16 shares for 2.16% stake and SRSL Securities Ltd. will hold 27,57,855 shares for 9.85% stake, CLK SHARES AND SECURITIES PRIVATE LIMITED will hold 7,50,000 shares for 2.68% stake, ANISH KISHORE MODI will hold 20,00,000 shares for 7.14% stake, YASH KELA will hold 10,00,000 shares for 3.57% stake, MITHUN SACHETI will hold 10,00,000 shares for 3.57% stake, SHATUL KAMAL GUPTA will hold 5,00,000 shares for 1.78% stake, PRIYA SINGH AGGARWAL will hold 12,50,000 share for 4.46% stake.