VSF Projects Limited announced a private placement of up to 1,800,000 shares on a preferential basis on October 10, 2022. The shares will be issued to certain non promoters of the company including Paladugu Saroj Babu and Praveena Palakapati for up to 250,000 shares each, Pannala Ramanakar Reddy for up to 70,000 shares, BIjjam Ramanjula Reddy for up to 130,000 shares, Pavan Thirumala Raju for up to 220,000 shares, Rajesh Varma Siravuri for up to 130,000 shares, Harika Kranthi Bhupathiraju for up to 400,000 shares, and Alluri Sainath for up to 350,000 shares. The transaction has been approved by the board of directors of the company.