G G Engineering Limited announced a private placement to issue 75,00,00,0000 fully Convertible Warrants with each warrant convertible into equal number of equity shares of the face value of INR 1 each, within a maximum period of 18 months from the date of allotment of such warrants at an issue price of INR 1.32 per warrant for the aggregate gross proceeds of INR 9,900,000,000 on September 2, 2023. The transaction is subject to the approval of shareholders and other statutory approvals.