Mena Mani Industries Limited announced a private placement of 40,000,000 convertible warrants at a price of INR 0.25 per warrant for the gross proceeds of INR 10,000,000 on February 22, 2024. The transaction will include participation from Spry Collab LLP for 10,000,000 warrants, Sarok Sintered Products for 10,000,000 warrants, Kamikaze Tradecom LLP for 10,000,000 warrants, Rajendra Bhavanbhai Bharvad for 10,000,000 warrants. The warrants will be issued on preferential basis.

The transaction has been approved by the shareholders of the company.