Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat | ₹30.70 Cr |
| 2 | Funding the purchase of new machinery proposed to be installed at our new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand our product portfolio | ₹1.87 Cr |
| 3 | Funding working capital requirements of our Company | ₹5.00 Cr |
| 4 | General Corporate Purposes | ₹3.50 Cr |