Duroply Industries Limited announced that it has entered into intimation letter for the private placement of 1,033,968 fully paid up equity shares having a face value of INR 10 each at a price of INR 126 per equity share including a premium of INR 116 for gross proceeds of INR 130,279,968 and up to 1,191,032 warrants, each carrying a right to subscribe to 1 equity shares of the company at an issue price of INR 126, an amount equivalent to at least 25% of the warrant exercise price shall be payable at the time of subscription and allotment of each warrant, and the balance 75% of the warrant exercise price shall be payable at the time of allotment of equity shares to exercise of the rights attached to the warrants to subscribe to the equity share, at any time within 18 (eighteen) months from the date of allotment of the warrants for gross proceeds of INR 37,517,508 on July 13, 2022. The transaction will include participation from Calcutta Technicians & Advisers Private Limited for 158,730 shares, Porinju Velivath for 158,730 shares, Maa Creations Pvt Ltd for 79,366 shares, Suresh Kumar Kheria for 79,366 shares, Paharpur Cooling Towers Limited for 55,556 shares, Naresh Pachisia for 45,000 shares, Madhu Maheshwari for 39,683 shares, Premlata BasantKumar Mohota for 39,683 shares, Ashish Chugh for 39,682 shares, Mahendra G Wadhwani for 39,682 shares, Srinath R Rajam for 39,682 shares, Chandra K Jain for 39,682 shares, Mahacol Trexim Private Limited for 39,682 shares, Symphony Tie-Up LLP for 31,746 shares, Aakash Sureka HUF for 27,777 shares, Srigopal Pachisia for 19,842 shares, Arun Singhania for 19,841 shares, Vinay Agarwal for 15,874 shares, Manju Pachisia for 15,000 shares, Karnika Majeji for 10,000 shares, Khem Chand Gupta for 9,524 shares, Tarun Rathi for 8,730 shares, Gaurav Rathi for 8,730 shares, Vaibhav Pachisia for 5,000 shares, Nikunj Pachisia for 5,000 shares and Nathmal Rathy & Others HUF for 2,380 shares, Poushali Sales Private Limited for 350,000 convertible warrants, Sunita Chitlangia for 203,202 convertible warrants. Akhilesh Chitlangia for 195,265 convertible warrants, Abhishek Chitlangia for 187,329 convertible warrants, Nikhilesh Chitlangia for 180,214 convertible warrants, Calcutta Technicians & Advisers Private Limited for 47,270 convertible warrants, Chitperi Farm Private Limited for 27,752 convertible warrants.