Sanjivani Paranteral Limited announced a private placement to issue upto 600,000 warrants at a price of INR 33.76 per warrant for gross proceeds of INR 20,256,000 and 16,86,000 equity shares at an issue price of INR 135.10 per share for gross proceeds of INR 227,778,600 for aggregate proceeds of INR 248,034,600 on December 19, 2023. The warrants shall be convertible into equivalent number of equity shares of the company within 18 months from the date of allotment of convertible warrants. The transaction will include participation from returning investor Ashwani Khemka for 600,000 warrants and new investors India Bridge Fund for 600,000 equity shares for 4.88% stake, Ashish Kacholia for 370,000 shares for 3.01% stake, Monika Garware for 300,000 shares for 2.44% stake, Anurag Jain for 108,000 shares for 0.88% stake, Ashika Global Securities Private Limited for 108,000 shares 0.88% stake, Nabs Vriddhii LLP for 75,000 shares 0.61% stake, Shalaka Devendra Chawla for 75,000 shares for 0.41% stake, Sudheer Mahajan for 25,000 shares for 0.20% stake, Venus Orchards Pvt.

Ltd. for 25,000 shares for 0.20% stake, Plasma Commercials Pvt. Ltd. for 25,000 shares for 0.20% stake. Before this transaction, Ashwani Khemka holds 30,25,651 shares for 30.26% stake and post completion of transaction, Ashwani Khemka holds 36,25,651 shares for 29.51% stake in the company.

The investors would invest 25% of the exercise price of warrants as upfront payment. The remaining 75% would be payable upon exercise of these warrants. The company will issue the securities on preferential allotment basis.

The transaction was approved by the board of directors of the company and is subject to the approval of the shareholders of the Company.