Agio Paper & Industries Limited announced a private placement of up to 1,000,000 non-cumulative redeemable preference shares with a face value of INR 10 per share for gross proceeds of up to INR 100,000,000 on September 25, 2021. The transaction will include participation from returning investor Bengal Orion Financial Hub Limited. The transaction has been approved at the 36th annual general meeting of the company.

On October 26, 2021, the company announced that a meeting of the board of directors of the company is scheduled to be held on November 01, 2021, to consider the transaction.