Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Part finance the cost of establishing new manufacturing facility to expand the production capabilities at Plot No. D-61/2, MIDC, Mahad, District Raigad-402309, Maharashtra, India (Proposed new facility) | ₹11.17 Cr |
| 2 | Funding capital expenditure requirements of the Company towards set up of Solar Power Plant | ₹9.00 Cr |
| 3 | Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company | ₹1.20 Cr |
| 4 | General Corporate Purposes | ₹4.27 Cr |
| 5 | Issue Expenses | ₹3.58 Cr |
| 6 | Total | ₹29.21 Cr |