Kilburn Engineering Limited announced a private placement to issue 2,850,000 common shares at an issue price of INR 165 per share (premium INR 155) for the gross proceeds of INR 470,250,000 and 3,950,000 convertible warrants at an issue price of INR 41.25 per warrant at an issue price of INR 162,937,500; aggregate gross proceeds of INR 633,187,500 on October 3, 2023. The transaction will include participation from new investors Amodini Sales Private Limited for 1,200,000 shares and 2,400,000 warrants, Navaratan Property Holdings Private Limited for 300,000 shares and 300,000 warrants, Everdeliver Logistics Private Limited for 600,000 shares and 600,000 warrants Alexcy Marketing Private Limited for 250,000 shares and 250,000 warrants, Rossy Pink Enterprises Private Limited for 200,000 shares and 400,000 warrants and Bakliwal Fincom Private Limited for 300,000 shares. The transaction has been approved by the shareholders of the company and is subject to general shareholders which is to be held on October 28, 2023.