Swasti Vinayaka Synthetics Limited announced a private placement of 8,040 equity shares at a price of INR 8 per equity share for an aggregate consideration of up to INR 64,320 on August 25, 2022. The transaction will include participation from new investor Swasti Vinayaka Realestate Development Private Limited. The issue and allotment of equity shares is subject to approval of members by way of passing of Special Resolution at the annual general meeting of the company to be held on September 23,2022.

The issue price of equity shares is INR 8 per share including premium of INR 7 per share.