Gujarat Natural Resources Limited announced a private placement to issue 24,000,000? equity shares at ma price of INR 10 per share on preferential basis to the proposed non-promoters for the gross proceeds of INR 240,000,000? on February 20, 2024.

The transaction will include participation from Sahajanand Industries Limited for 3,550,000? shares, Mangalsudha Vinimay Private Limited for 100,000 shares, DJ lnfraspace LLP for 10,500,000 shares, Stockline Finserve LLP for 5,950,000 shares, Shree Shyam Investments for 1,500,000 shares and individual investors such as Saurabh Agrawal 850,000 shares, lndrakumar Ghisulal Agrawal for 350,000 shares, Shriyash lndrakumar Agrawal for 300,000 shares, Shikha lndrakumar Agrawal for 300,000? shares, lndrakumar Agrawal (HUF) for 300,000?

shares, Vrundesh Sanjay Agrawal for 200,000? shares and Sanjay Kailash Agrawal for 100,000? shares.

The transaction has been approved by the board of directors of the company.