Grovy India Limited announced a private placement to issue 819,667 shares at a price of INR 61 for gross proceeds of INR 49,999,687 to nine investors on August 12, 2022. The transaction included participation from P.C. Jalan (HUF) for 196,721 shares for gross proceeds of INR 11,999,981, Ankur Jalan for 213,114 shares for gross proceeds of INR 12,999,954, Nishit Jalan for 131,147 shares for gross proceeds of INR 7,999,967, Manisha Gupta for 49,180 shares for gross proceeds of INR 2,999,980, Deepak Malhotra for 16,393 shares for gross proceeds of INR 999,973, Vivadi Management Services Pvt. Ltd. for 32,786 shares for gross proceeds of INR 1,999,946, Mehak Infracon Pvt Ltd for 40,983 shares for gross proceeds of INR 2,499,963, Camco Commodities Pvt.

Ltd. for 40,983 shares for gross proceeds of INR 2,499,963 and Oceanic Auto Finlease Pvt. Ltd. for 98,360 shares for gross proceeds of INR 5,999,960.