Captain Technocast Limited announced a private placement of 1,400,000 convertible warrants on a preferential basis on June 14, 2024. The transaction has been approved by the shareholders of the company. The transaction will include participation from new individual investors Boghara Bharatbhai Khodabhai for 200,000 warranta, Suresh Govindbhai Mungra for 100,000 warrants, Bhavna Sureshbhai Mungra for 100,000 warrants, Sidpara Nidhi Rohit for 50,000 warrants, Sidpara Reena Hitesh for 50,000 warrants, Sidpara Jagrutiben Rameshbhai for 50,000 warrants, Sidpara Rishita Dharmesh for 50,000 warrants, Bhavesh Ramjibhai Limbasia for 200,000 warrants, Savaliya Vilasben Laljibhai for 200,000 warrants, Truptiben Kaushikbhai Bhatt for 200,000 warrants, Manishkumar Rambhai Patel for 25,000 warrants, Patel Nrup Harshadkumar for 25,000 warrants, Patel Nisarg Manishkumar for 50,000 warrants, Sarojben Dinkarbhai Shah for 25,000 warrants, Harshaben Maheshbhai Shah for 25,000 warrants, Lataben Ashokbhai Shah for 25,000 warrants and Pragyaben Hemantbhai Shah for 25,000 warrants.

The warrants are converted into equal number of equity shares within a period of 18 months from the date of allotment to non-promoters of the company.