Worth Investment & Trading Company Limited announced a private placement and it will issue up to 6,960,440 common shares of face value INR 10 per share at an issue price of INR 24.5 per share for gross proceeds of INR 170,530,780 and issue up to 5,000,000 fully convertible equity warrants of face value INR 10 per share at an issue price of INR 6.125 per warrant for gross proceeds of INR 30,625,000 for aggregate proceeds of INR 201,155,780 on July 19, 2023. The transaction will include participation from common shares are new investors, Riddhi Trade Solutions Private Limited for 48,000 shares will hold 0.26%, Karishma Mukesh Bhatia for 53,000 shares will hold 0.28%, Rakesh V Shah Huf for 42,000 shares will hold 0.25%, Shefali Sameer Bhujbal for 50,000 shares will hold 0.27%, Chanchal Rakesh Kabra for 42,000 shares will hold 0.25%, Shivam Hemant Nagrale for 48,000 shares will hold 0.26%, Sameer Magan Bhujbal for will hold 0.26%, Rextar Plus Services Private Limited for 43,000 shares will hold 0.25%, Kavita Sharma for 54,000 shares will hold 0.28%, Ria Hemant Nagrale for 50,000 shares will hold 0.27%, Freny Ankur Shroff for 54,000 shares will hold 0.29%, Kavita Singh for 45,000 shares will hold 0.24%, Prachi Amit Shah for 54,000 shares will hold 0.29%, Govind Baijnath Sharma 48,000 shares will hold 0.26%, Marygold Health And Education Private Limited for 46,000 shares will hold 0.25%, Vikas Malu for 48,000 shares will hold 0.26%, Jigar Arvind Shah for 43,000 shares will hold 0.25%, Varun Anil Parakh for 45,000 shares will hold 0.24%, Chhaya Vijay Shroff for 48,000 shares will hold 0.26%, Sagar Dattatraya Meghe for 47,000 shares will hold 0.26%, Black Hawk Properties Private Limited for 48,000 shares will hold 0.26%, Priti V Shah for 500,000 shares will hold 2.73%, Vijaykumar B Shah for 500,000 shares will hold 2.73%, Sumit Malhotra for 204,080 shares will hold 1.11%, Trisha Malhotra for 204,080 shares will hold 1.11%, Karan Monomer's Private Limited for 408,160 shares will hold 2.23%, Gemini Shah for 570,000 shares will hold 3.11%, Paras Shah for 570,000 shares will hold 3.11%, Pooja Shah for 471,500 shares will hold 2.57%, Manisha Anil Bajaria for 316,500 shares will hold 1.73%, Riya Shah for 245,000 shares will hold 1.33%, Shlok Shah for 245,000 shares will hold 1.33%, Preyash Nanavati for 104,080 shares will hold 0.56%, Dinesh Matalia for 102,040 shares will hold 0.55%, retuning investors,Viraj Anil Bajaria for 300,000 shares will hold 0.87%, Chirag Jitendra Bajaria for 200,000 shares will hold 0.87%, Jasmine Nanavati for 100,000 shares will hold 0.08%, Chetan Mehta for 184,000 shares will hold 1.58%, Priti Mehta for 184,000 shares will hold 5.29%, Bina Rajesh Ghatalia for 184,000 shares will hold 6.51%, Mihir Rajesh Ghatalia for 184,000 shares will hold 2.88%, Nimit Rajesh Ghatalia for 184,000 shares will hold 7.82%, and fully convertible equity warrants are new investors, Rajesh Pranlal Ghatalia for 400,000 shares will hold 2.18%, Ekta Nimit Ghatalia for 400,000 shares will hold 2.18%, Mihir Rajesh Ghatalia (HUF) for 400,000 shares will hold 2.18%, Aarey Drugs & Pharmaceuticals Limited for 400,000 shares will hold 2.18%, Enam Organics India Limited for 400,000 shares will hold 2.18%, returning investors, Bina Rajesh Ghatalia for 400,000 shares will hold 5.33%, Mihir Rajesh Ghatalia for 400,000 shares will hold 1.69%, Nimit Rajesh Ghatalia for 400,000 shares will hold 6.64%, Mira Mihir Ghatalia for 400,000 shares will hold 1.95%,Priti Chetan Mehta for 200,000 shares will hold 5.21%, Chetan Kiritbhai Mehta for 400,000 shares will hold 0.4%, Suraj Tradelinks Private Limited for 400,000 shares will hold 3.5%, and Nimit Impex Pvt Ltd for 400,000 shares will hold 3.5% in the transaction. The warrants have a total price of INR 24, of which the company will receive 25% of the total amount as upfront payment at the time of allotment of warrants and the remaining 75% will be paid upon exercise of warrants.

Each warrant is exercisable to acquire one equity share of the company, at an exercise price of INR 18.375 per share for a period of 18 months from the date of closing. The warrants shall be convertible in one or more tranches. The company will issue securities on preferential basis.

The transaction has been approved by the board of directors and is subject to the approval of the members of the company at the ensuing Annual General Meeting and other regulatory authorities.