Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Loan to our Subsidiary, Nirvaanraj Energy Private Limited at H No - 576, Sheel Kunj Ph - II, Roorkee Road, Dist. - Meerut, Meerut, Uttar Pradesh, India, 250001 (“NEPL”) for capital expenditure requirements towards expansion of it’s existing manufacturing facility (the “Project”); | ₹4.19 Cr |
| 2 | Funding working capital requirements of the company; and | ₹12.20 Cr |
| 3 | General Corporate purposes | ₹5.86 Cr |