Chothani Foods Limited announced a private placement to issue 200,000 equity shares having face value of INR 10 each share at a price of INR 32.34 per share for the aggregate gross proceeds of INR 6,468,000 on March 28, 2024. The transaction will include participation from individual investors such as Hemang Mahendra Shah, Deepak Poonamchand Modi, Pranav Mukesh Sumaria, Virchand Lakhamshi Gada, Dhaval Kamlesh Chothani, Meena Kamlesh Chothani each for 25,000 shares and for INR 808,500 and Girish Narendra Sarode for 50,000 shares and for INR 1,617,000. The transaction has been approved by the board of directors of the company.