Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding of Capital Expenditure towards Modernization of Existing Machinery and Procurement of New Machinery for new product Line-Conveyor Belting Unit. | ₹16.69 Cr |
| 2 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | ₹5.95 Cr |
| 3 | General Corporate Purposes | ₹3.44 Cr |
| 4 | Issue Expenses | ₹3.92 Cr |
| 5 | Total | ₹30.00 Cr |