Ganesh Benzoplast Limited announced a private placement of up to 17,00,000 equity shares at a price of INR 160 per share (including premium of INR 159/- per share) for gross proceeds of INR 272,000,000 and 1,80,000 equity shares at a price of INR 170 per share(including premium of INR 159/- per share) for gross proceeds of INR 30,600,000 for aggregate proceeds of INR 302,600,000 on December 5, 2023. The transaction include participation from new investors, Malabar India Fund Limited and Susram Financial Services and Realty Private Limited. The transaction is issued on Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations and other applicable law.