Sunita Tools Limited announced a private placement to issue 5,00,000 Equity Shares of face value of INR 10 each and 2,00,000 convertible equity warrants of face value of INR 10 each on May 3, 2024. The transaction is subject to approval of regulatory/statutory authorities and the shareholders of the Company. The issuance is made on Preferential basis.

The transaction includes participation from Sandeep Singh For 70,000 shares, Rakesh Laroia For 50,000 shares, Amit R Agarwal For 50,000 shares, Vibha Gupta For 30,000 shares, Anant Aggarwal For 30,000 shares, WOW Investments For 27,000 shares, Aarson Investment For 18,000 shares, Dipak Raheja For 18,000 shares, Ten Eighty Investments For 18,000 shares, Deepak Jugalkishore Chokhani For 15,000 shares, Nandura Estates For 15,000 shares, Deepak Dhanwantrai Shah (HUF) For 10,000 shares, Sunil Mehta For 9,000 shares, Sushant Sachdeva For 8,000 shares, Kirti Deep For 8,000 shares, Anshu Gupta For 8,000 shares, Ritesh Srivastava For 8,000 shares, Anita Sethi For 8,000 shares, Mithin Prakash Nimje For 8,000 shares, Mayank Singh For 8,000 shares, Deep Rajesh Gupta For 8,000 shares, Gopal Sharma For 8,000 shares, Shalin Trivedi For 8,000 shares, Rajeshwari Gupta For 8,000 shares, Niagra Growth Private Limited For 8,000 shares, Harmmit Dillon For 6,000 shares, Chitresh Kumar Lunawat For 5,000 shares, Pooja Rahul Shah For 5,000 shares, Harsha Talreja For 5,000 shares, Varun Agarwal For 5,000 shares, Vivek Singh For 5,000 shares, Mansi Dua For 5,000 shares, Sharat Kumar For 5,000 shares, Raghav Chaudhary For 3,000 shares and Uma Sanjay Pandey for 24.615 warrants, Abhishek Satish Pandey Promoter Group for 49.231 warrants Nandini Satish Pandey for 24,615 warrants, Sarvagya Sanjay Pandey Public 24,615 warrants, Shruti Sanjay Pandey for 24.615 warrants Niranjan I sheth Public 22,769 Warrants, Neeta Sujit Pandey for 29,538 warrants. Each Warrant will be convertible into, or exchangeable for 1 fully paid-up equity share of the Company of face value of INR 10 each payable in cash, which may be exercised in one or more tranches during the period commencing from the date of allotment of the Warrants until expiry of 18 months. 25% of the total consideration will be paid at the time of issuance of the warrants and the remaining 75% of the total consideration shall be paid upon the exercise/conversion of each warrant within a period of 18 months of allotment of warrants.

The board of directors approved the notice of Extra Ordinary General Meeting. Issue Price to be determine in accordance with Regulation 164 of the SEBI.