Goblin India Limited announced that it will issue 1,200,000 equity shares at an issue price of INR 78 per share having face value of INR 10 each for gross proceeds of INR 93,600,000 and 25,64,102, secured, unrated, unlisted optionally convertible debenture at an issue price of INR 78 per debenture for gross proceeds of INR 199,999,956 for total gross proceeds of INR 209,359,956 on March 15, 2023. The transaction will include participation from new investors PATEL DAXABEN ASHESHKUMAR for 50,000 shares and 0.35% stake, Veer Impex for 230,000 shares and 1.63% stake, Nav Capital VCC- Nav Capital Emerging Star Fund, a fund managed by returning investor Turning Leaf Asset Management Pte. Ltd. for 200,000 shares for 3.18% stake, NAMRATA NATINKUMAR SHAH for 25,000 shares and 0.18% stake, Craft Emerging Market Fund PCC - Elite Capital Fund for 200,000 shares and 1.41% stake, SUSHILABEN ATULBHAI GOHIL for 25,000 shares and 0.18% stake, SAROJ R SAVJANI 25,000 shares and 0.18% stake, Komalay Investrade Private Limited for 325,000 shares for 2.30% stake, ADHEESH KABRA for 100,000 shares and 0.71% stake and ABHINAV KAUSHIK HUF for 20,000 shares for 0.14% stake.

The transaction for convertible debentures include from new investor, Principia Transformatica Private Limited. The company will issue the shares and convertible debenture through preferential allotment. Each debenture is convertible into one equity share of the company at term of eighteen months from the date of issuance.

The transaction has been approved by the board of directors of the company. The transaction is subject to approval of members of the company and such other regulatory/ statutory authorities as may be applicable.