Jhaveri Credits and Capital Limited annonced a private placement of up to 2,529,636 equity shares of face value of INR 10 each and upto 500,000 convertible pre-paid warrants each convertible into, or exchangeable for 1 fully paid-up equity share of the company of face value of INR 10 each on a preferential basis on January 13, 2024. The transaction has been approved by the shareholders of the company and is subject to the approval of regulatory / statutory authorities and the shareholders meeting to be held on February 12, 2024 and the Stock Exchange. The transaction will include participation from new investors Riddhi Landmark LLP for 500,000 shares, Mehta Parthiv for 20,000 shares, Kokila J Sanghvi for 35,000 shares, Mehta Bijal Nirav for 10,000 shares, Stavan Sureshbhai Belani for 5,000 shares, Trupti Stavan Belani for 5,000 shares, Rasiklal Chimanlal Shah for 7,500 shares, Lalitaben Rasiklal Shah for 7,500 shares, Rinkal Niravbhai Mehta for 7,500 shares, Bhupesh Vadilal Shah for 100,000 shares, Chandresh V Shah for 150,000 shares, Shah Aman Ashishbhai for 25,000 shares, Prakshal Samirkumar Shah for 25,000 shares, Chiragbhai Lalitbhai Shah for 20,000 shares, Pinky Dharmesh Shah For 20,000 shares, Shah Jignesh Rasiklal for 7,000 shares, Jignesh Babulal Shah HUF for 15,000 shares, Vaishali Jignesh Shah for 15,000 shares, Chirag Kirtilal Morkhia for 20,000 shares, Hasmukh Ramniklal Mehta for 3,000 shares, Dhananjay Ramniklal Shah for 8,000 shares, Bhadresh Babulal Shah for 25,000 shares, Rahul Prakash Nichani for 3,000 shares, 24 Kejal Harmes Shah for 10,000 shares, Nirav Kamlesh Desai for 25,000 shares, Rekha R Patel for 500,000 shares, Kiran Khandubhai Patel for 20,000 shares, Sudhir K Patel for 20,000 shares, Jaimini A Dave for 20,000 shares, Agarwal surendra radhakishan for 10,000 shares, Blue Lotus Capital Multi Bagger Fund II managed by Blue Lotus Capital Advisors LLP for 70,175 shares, India Emerging Giants Funds Limited for 105,263 shares, Vikasa India EIF I Fund - Emerging Giant Funds for 35,087 shares, Vikasa India EIF I Fund for 175,438 shares, Sumesh Ashok Mishra for 35,087 shares, J Bhagwan Techfin LLP for 17,543 shares, Rakesh sanghvi for 17,543 shares, Urvi Hemal Shah for 180,000 shares, Ami Mediratta for 15,000 shares, Tulsibhai Chehrabhai Patel - HUF for 25,000 shares, Patel Jyotsanaben Tulsibhai for 25,000 shares, Manish Vipinchandra patel for 45,000 shares, Patel Urvi Manish for 27,000 shares, Champaben Vijaykumar Patel for 5,000 shares, Rina Manishkumar Rami for 5,000 shares, Kalpesh Ramanlal Patel HUF for 7,000 shares, Rima Swapnil Bhatt for 16,000 shares, Sohanram Chaudhary for 25,000 shares, Bhumika Ghanshyambhai Patel for 15,000 shares, Chandrika Satishbhai Patel for 15,000 shares, Satishbhai Chandulal Patel for 15,000 shares, Ghanshyam Pramodbhai Patel for 15,000 shares and Riddhi Landmark LLP for 500,000 warrants.

Pre-issuance, Promoters & Promoters? Group holds 47,99,086 shares for 74.25% stake and Public will hold 16,64,214 shares for 25.75% stake. Post issuance, Promoters & Promoters?

Group will hold 47,99,086 shares for 50.55% stake and Public will hold 46,93,850 shares for 49.45% stake.