RKD Agri & Retail Limited announced that it will issue 54,200,000 warrants convertible into equity shares at a price of INR 1 per share for gross proceeds of INR 54,200,000 on December 21, 2022. The transaction will include participation from individual investors including promoters Nilesh Malshi Savla for 23,125,000 warrants, Meena Nilesh Savla for 15,000,000 warrants, also including non-promoters Chirag Mehta for 500,000 warrants, Krupa Mehta for 500,000 warrants, Vinod Bhachubhai Satra for 1,000,000 warrants, Geeta Mahendra Tiwari for 300,000 warrants, Maya Benson for 250,000 warrants, Rabi Verma for 300,000 warrants, Rajeshwari H Prajapati for 200,000 warrants, Amarnath Sharma for 200,000 warrants, Dhaval Dave for 250,000 warrants, Agarwal Pankaj HUF for 1,750,000 warrants, Shweta Agarwal for 750,000 warrants, Vivek Agarwal for 500,000 warrants, Rama Agarwal for 250,000 warrants, Ati Agarwal for 100,000 warrants, Laxminarain Subhagmal Agarwal for 400,000 warrants, Radha Devi Agarwal for 500,000 warrants, Kanta Singhal for 750,000 warrants, Mahesh Chandra Gupta for 1,000,000 warrants, Om Prakash Gorisaria for 1,250,000 warrants, Umashankar Khandelwal for 400,000 warrants, Kiran Khandelwal for 400,000 warrants, Preet Vinod Khetan for 750,000 warrants, Vibha Vinod Khetan for 500,000 warrants, Simran Mahesh Khandelwal for 250,000 warrants, Rachana Dilip Upadhyay for 750,000 warrants, Urmila Ashokkumar Upadhyay for 500,000 warrants, Rita Goyal for 1,000,000 warrants, Rajeshwari Agarwal for 250,000 warrants, Manvi Rajesh Kasera for 100,000 warrants, Prateek Lalit Narayan Todi for 100,000 warrants, Harmesh Jayantilal Prajapati for 200,000 warrants, Lalit S Sompura for 25,000 warrants, Ramchanra Vasant Shinde for 50,000 warrants and Manjula Praful Dave for 50,000 warrants. Each warrant is convertible into one common share of the company.

The warrants can be exercised for a period of eighteen months from the date of issuance. The transaction has been approved by the board of directors of the company. The company will issue all the securities through pregenital allotment.