Sreechem Resins Limited announced a private placement to issue up to 200,000 equity shares having face value of INR 10 per share on a preferential basis at a price of INR 48.61 per share for the gross proceeds of up to INR 97,22,000 on February 16, 2024. The transaction will include participation from returning individual investors, Vikram Kabra and Vibhor Sharma for 100,000 shares each. The transaction has been approved by the board of directors of the company.