Deep Polymers Limited announced a private placement of 1,147,200 common shares at a price of INR 95 per share for the gross proceeds of INR 108,984,000 on August 21, 2023. The transaction will include participation from new individual investors, Rameshbhai Bhimjibhai Patel and Ashaben Rameshbhai Patel. The shares will be issued on preferential basis.

The transaction has been approved by the shareholders of the company and subject to the approval of regulatory / statutory authorities, as applicable, and the approval of shareholders of the company.