B.C. Power Controls Limited announced a private placement of 14,000,000 equity shares of face value of INR 2 per equity share at a price of INR 4.10 per equity share for total gross proceeds of INR 57,400,000 on October 25, 2021. The company will issue equity shares on preferential basis. The transaction will include participation from non-promoter Ruchika Baid for 875,000 equity shares, Saroj Baid 875,000 equity shares, Suresh Baid 875,000 equity shares, Suresh Kumar Baid HUF for 875,000 equity shares, Bharat Gupta for 875,000 equity shares, Madhu Gupta for 875,000 equity shares, Sanjay Gupta for 875,000 equity shares, Shree Narain Gupta for 875,000 equity shares, Nitin Aggarwal for 875,000 equity shares, Kshitiz Aggarwal for 875,000 equity shares, Sushma Aggarwal for 875,000 equity shares, Apoorv Aggarwal for 875,000 equity shares, Arpit Aggarwal for 875,000 equity shares, Satish Agarwal HUF for 875,000 equity shares, Satish Aggarwal for 875,000 equity shares and Uma Aggarwal for 875,000 equity shares. The transaction has been approved from the board of directors of the company. The transaction is subject to approval from the shareholders of the company.