Kranti Industries Limited announced a private placement of of up to 10,25,000 equity shares at a price of INR 101 per share for gross proceeds of INR 10,35,25,000 on August 14, 2023. The shares will be issued on a preferential basis. The transaction will include participation from 41 individual investors, including Pinky Mayur Oswal for 38,000 equity shares, Madhuri Mahesh Oswal for 52,000 equity shares, Dipti Mehul Oswal for 52,000 equity shares, Shirish Madhukar Karnik for 45,000 equity shares, Mahendra Mangilal Kawedia for 20,000 equity shares, Manju Arvindkumar Jain for 15,000 equity shares, Ramniklal Mangilal Kawedia for 35,000 equity shares, Rohit Ramniklal Kawedia for 45,000 equity shares, Prafulla diwan for 30,000 equity shares, Sadashiv Rama Banjan for 15,000 equity shares, Vasanthi Sadashiv Banjan for 10,000 equity shares, Mukesh Ramjibhai Rathod for 25,000 equity shares, Swati Avinash Doshi for 10,000 equity shares, Mahavir Jalamchandd Oswal for 80,000 equity shares, Priti Bimal Patel for 80,000 equity shares, Vandana Narendra Rathod for 15,000 equity shares, Rutvi Narendra Rathod for 20,000 equity shares, Rushabh Narendra Rathod for 15,000 equity shares, Sonal D Rathod for 10,000 equity shares, Jaywanti Sohanraj Rathod for 15,000 equity shares, Kiran Kunal Vora for 10,000 equity shares, Pushpa Manikchand Jain for 10,000 equity shares, Ashwini Shah for 7,500 equity shares, Sweta Punjabi for 7,500 equity shares, Anuja Shah for 7,500 equity shares, Sweta Solanki for 7,500 equity shares, Abhay Fulfagar for 15,000 equity shares, Varsha Thakkar for 10,000 equity shares, Rohan Shah for 15,000 equity shares, Ashish Shah for 5,000 equity shares, Ankit Solanki for 5,000 equity shares, Pramod Ghanshyamdas Shah for 25,000 equity shares, Vrajesh Ghanshyamdas Shah for 25,000 equity shares, Ritesh Shriram Alladwar for 60,000 equity shares, Sampat Motilal Gandhi for 25,000 equity shares, Satyajit sushil Rajopadhye for 25,000 equity shares, Satish Ratanchand Bora for 25,000 equity shares, Vijaykumar Satyanarayan Agarwal for 25,000 equity shares, kalawati Vijaykumar Agarwal for 25,000 equity shares, Dilip Madhav Deshpande for 8,000 equity shares, and Meena Arun Ranade for 5,000 equity shares. The transaction will also include participation from Wonder Cars Private Limited for 50,000 equity shares. The transaction has been approved by the board of directors of the
company, and is subject to approval of regulatory/statutory authorities and the shareholders of the company at the ensuing annual general meeting of the company.