CWD Limited announced a private placement to issue up to 3,04,000 warrants on preferential basis at an issue price of INR 747 per warrant for gross proceeds of up to INR 22,70,88,000 on November 23, 2023. The warrants converted into or exchanged with equity shares at a later date within a period of 18 months from the date of allotment of warrants. The transaction include investor participation of Manish Mittal HUF for 30,000 warrants, Akilandeswari S Selvamurthy for 20,000 warrants, Gunavanth Kumar G(HUF) for 15,000 warrants, Prakash Chand G (HUF) for 15,000 warrants, Ronak Mittal for 15,000 warrants, Kavita Jain for 7,000 warrants, WOW Investments for 7,200 warrants, Ten Eighty Investments for 7,200 warrants, Sandeep Bhandari for 5,000 warrants, Harshit Singhal for 5,000 warrants, Malav Prakashkumar Shah HUF for 5,000 warrants, K H Thaker for 5,000 warrants, Shagun Capital Venture for 4,000 warrants, Jaya Prem Rajdev for 4,000 warrants, Gayathri ramamurthy for 4,000 warrants, Indu Ramanlal Golecha for 3,500 warrants, Hirachand Padma Jain for 3,000 warrants, Harichand Mohanchand for 3,000 warrants, Mithalal Nirmal Kumar for 3,000 warrants, Vikas Kumar Gadiya for 3,000 warrants, Manoj Amlokchand Gadiya for 3,000 warrants, Vyas Tanaisha Devang for 4,500 warrants, Deepak Tayal for 3,000 warrants, Roopa Garg for 5,000 warrants, Mukta Nandini Jain for 3,000 warrants, Savitabahen Arvindbhai Patel for 3,000 warrants, Velayutham Thyagarajan for 3,000 warrants, Rinku Jain for 2,700 warrants, Rajnikant Meghji Shah (HUF) for 3,500 warrants, Asha A Patankar for 2,700 warrants, Prajapati Mukeshbhai Vishabhai for 2,700 warrants, D Prakash Devi for 6,500 warrants, VM Finserve and Asset Management for 6,500 warrants, Shitu Gupta for 3,000 warrants, Nikitha S for 3,000 warrants, Amit Mehta for 7,000 warrants, Neha Mehta for 7,000 warrants, Rita Sharad Shah for 10,000 warrants, Pragna V Patel for 10,000 warrants, BRJ Resources Pvt Ltd for 4,000 warrants, Pritesh Mafatlal Vora for 2,000 warrants, Amit T Dhanki for 7,000 warrants, Hemang Dinesh Shah for 3,000 warrants, Deena Champak Dedhia for 2,000 warrants, Kaushika Mahendra Parikh for 13,000 warrants, Arvind Rajnish Vohra for 5,000 warrants, Umesh Gala for 13,000 warrants, Himanshu Bhatia for 2,000 warrants.

The transaction has been approved board of directors of the company.