On May 14, 2024, Sreechem Resins Limited closed the transaction. The company now issued 200,000 common shares at an issue price of INR 43.31 per share for the gross proceeds of INR 8,662,000. The transaction included participation from retuning investors for pre transaction Vikram Kabra for 15,900 shares for 0.40% stake and Vibhor Sharma shares for 1,300 and 0.03% stake and post transaction for 115900 shares for 2.76% stake and 101,300 shares for 2.41% stake.

The transaction has been approved by shareholders of the company,