Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements towards (i) purchase of new machinery and upgradation of existing machinery installed (ii) setting up of on-grid rooftop solar PV system of a capacity of 149.04KWp at the existing manufacturing unit | ₹7.49 Cr |
| 2 | Funding of Working Capital Requirements | ₹10.00 Cr |
| 3 | Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company | ₹4.61 Cr |
| 4 | General Corporate Purposes | ₹6.63 Cr |
| 5 | Issue Expenses | ₹2.79 Cr |
| 6 | Total | ₹31.52 Cr |