Kapil Cotex Limited announced a private placement of 960,000 equity shares at a price of INR 70 per share for gross proceeds of INR 67,200,000 on a preferential basis on October 23, 2023. The transaction will include participation from new individual investors Prakash Chandra Rathi for 500,000 shares, Raj Laxmi Ganesh Totala for 100,000 shares, Kaustubh Ashish Rathi for 62500 shares, Sangita Ashish Rath for 62,500 shares, Pavan Madanlal Malpani to 55,000 shares, Dhanshree Yogesh Malpani for 55,000 shares, Ganesh Shivprasad Lahoti for 85,000 shares and Smita Shivprasad Lahoti for 40,000 shares. Pre-issuance, Prakash Chandra Rathi holds 364,888 shares for 35.09% stake.

Post-issuance, Prakash Chandra Rathi will hold 864,888 shares for 43.24% stake, Raj Laxmi Ganesh Totala will hold 100,000 shares for 5% stake, Kaustubh Ashish Rathi will hold 62,500 shares for 3.13% stake, Sangita Ashish Rathi will hold 62,500 shares for 3.13% stake, Pavan Madanlal Malpani will hold 55,000 shares for 2.75% stake, Dhanshree Yogesh Malpani will hold 55,000 shares for 2.75% stake, Ganesh Shivprasad Lahoti will hold 85,000 shares for 4.25% stake and Smita Shivprasad Lahoti will hold 40,000 shares for 2% stake. The transaction has been approved by the shareholders of the company.