Chartered Logistics Limited announced that it expects to receive INR 58.5 million in funding from Sanghvi Cylinders Private Limited and other investors

Chartered Logistics Limited announced a private placement of 30,00,000 convertible equity warrants at a price of INR 1.95 per warrant for the gross proceeds of INR 58,500,000 on March 28, 2024. The transaction has been approved by the shareholders of the company and is subject to approval of Extra Ordinary General Meeting of the company. The transaction will include participation from new investors Amit Gupta for 2,500,000 shares, Ashok Kankumar Agarwal for 2,000,000 shares, Santosh Beria for 1,500,000 shares, Anup Gupta for 1,250,000 shares, Paras Subhashchandra Jain for 1,000,000 shares, Rahul Agarwal for 1,000,000 shares, Deepshikha Arora for 1,000,000 shares, Agrawal Archit Ramratan for 1,000,000 shares, Agrawal Raghav B for 1,000,000 shares, Chaitanya H Agrawal for 1,000,000 shares, Niranjan Pragji Thakkar for 1,000,000 shares, Mittal Prafull Mistry for 1,000,000 shares, Doshi Viralben H for 800,000 shares, Vimal Kishore Parwal Huf for 800,000 shares, Nidhi Aggarwal for 750,000 shares, Tina Aggarwal for 750,000 shares, M Rekha for 500,000 shares, Munish Kumar for 500,000 shares, Amit Garg for 500,000 shares, Adishakti Steels for 500,000 shares, Surendra Kumar Agarwal Huf for 500,000 shares, Prakash Kumar Agarwal Huf for 500,000 shares, Bora Prashant Prakash for 500,000 shares, Smita Agrawal for 500,000 shares, V M Patadia (Huf) for 500,000 shares, Dhara Palak Shah for 500,000 shares, Amit Hariprasad Kariwala for 400,000 shares, Sunil Bagaria for 400,000 shares, Gaurav Tibrewal for 350,000 shares, Narendra Kumar Porwal for 300,000 shares, Seema Anilkumar Modani for 250,000 shares, Himesh Narayan Huf for 250,000 shares, Atul Narayan Huf for 250,000 shares, Jagdish Agal Huf for 200,000 shares, Ram Ratan Chirania for 200,000 shares, Sanghvi Cylinders Private Limited for 200,000 shares, Chinmayee Choudhary for 200,000 shares, Ancy P Anto for 200,000 shares, Murtuza Shabbir Arsiwala for 200,000 shares, Shilpi Parwal for 200,000 shares, Anurag Lohiya for 150,000 shares, Namrata Lohiya for 150,000 shares, Nivedita Bhorkar for 150,000 shares, Sujata Kulkarni for 150,000 shares, Shilpa Nimesh Khara for 150,000 shares, Bharat Jayantilal Shah for 100,000 shares, Sanjay Vinodkumar Tibdiwal for 100,000 shares, Shyamal Balki for 100,000 shares, Kavya Sanjeev Mundra for 100,000 shares, Himanshu Modi for 100,000 shares, Lalit Kumar Parasmal Jain for 100,000 shares, Anupama Maheshwari for 100,000 shares, Krishan Kumar Maheshwari for 100,000 shares, Rajiv Bhatia for 100,000 shares, Om Prakash Karamchandani for 100,000 shares, Intrinsix Partners Llp for 100,000 shares, Divanshi Virendra Jain for 100,000 shares, Lakshya Singhvi for 100,000 shares, Milind Waman Khasnis for 100,000 shares, Dinesh Mahatma for 100,000 shares, Subham Saraf for 100,000 shares, Sharada Jain for 100,000 shares, Sarwankumar Baldwa for 100,000 shares, Yogesh M Doda for 100,000 shares, Amit Kalyan Aundhakar for 100,000 shares, Ronak Gahlot for 100,000 shares, Roma Sahu for 100,000 shares, Suresh Biyani for 100,000 shares.

The warrant exercise price is INR 5.85.