Ranjeet Mechatronics Limited announced a private placement of 3,400,020 shares at an issue price of INR 20 per share for proceeds of INR 68,000,400 on November 21, 2022. The transaction will include participation from Aumit Capital Advisors Limited for 1,140,000 shares, Rakesh Vallabh Swadia for 438,000 shares, Devarshi R Swadia for 51,640 shares, Ahalya Devarshi Swadia for 2,000 shares, Devarshibhai Rakeshbhai Swadia for 537,160 shares, Rakesh Vallabhbhai Swadia for 587,880 shares, Shailjaben Nikulbhai Patel for 1,980 shares, Manisha Devarshi Swadia for 164,040 shares, Nitaben Rakeshbhai Swadia for 453,320 shares and Shrividya Devarshi Swadia for 24,000 shares. The transaction was approved by the board of directors of the company.

The company will receive funding through preferential issue.