Tarmat Limited announces private placement of 10,513,153 convertible warrants at an issue price of INR 23.75 per convertible warrant for gross proceeds of INR 249,687,383.75 on February 24, 2024. Each Warrant is convertible into One (1) equity share and the conversion can be exercised at any time within a period of 18 months from the date of allotment of warrants, in one or more tranches, as the case may be and on such other terms and conditions as applicable. The transaction will include participation from SARAMMA JERRY VARGHESE for 150,000 warrants, JERRY VARGHESE for 700,000 warrants, DILIP VARGHESE for 700,000 warrants, Minerva Ventures Fund for 1,015,130 warrants, NAV Capital VCC - NAV Capital Emerging Star Fund for 934,870 warrants, Forbes EMF Fund for 1,040,130 warrants, AG Dynamic Funds Limited for ,1040,130 warrants, Anurag Jain for 105,263 warrants, Krishan Kumar Karnani for 105,263 warrants, Punit Dugar for 210,526 warrants, Bothara Premraj Manakchand for 105,263 warrants, Bothara Santosh Manakchand for 105,263 warrants, Raj Umesh Pagariya for 105,263 warrants, Sujata Umesh Pagariya for 105,263 warrants, Nimish Chandulal Shah for 105,263 warrants, Abhishek Karnawat for 105,263 warrants, Maneesh Parmar for 105,263 warrants, Capcom Adwisers LLP for 25,000 warrants, Amit Atmaram Shah (HUF) (Key Managerial Personnel) for 1,000,000 warrants, Faithful Vanijya Private Ltd for 1,250,000 warrants, Ferstar Trade Private Limited for 1,250,000 warrants and Tuhina Agrawal for 250,000 warrants.