Jyoti Structures Limited announced a private placement to issue 5,000,000 common shares at an issue price of INR 13 per share (INR 11 premium) for the gross proceeds of INR 65,000,000 and 27,500,000 convertible warrants at an issue price of INR 3.25 per warrant for the gross proceeds of INR 89,375,000; aggregate gross proceeds of INR 154,375,000 on November 7, 2023. The transaction will include participation of new investors Ruchi Gupta for 2,500,000 shares and RSP Ventures for 2,500,000 shares and Ruchi Gupta 4,000,000 warrants, RSP Ventures 6,000,000 warrants, Amkor Enterprises Pvt. Ltd. 2,500,000 warrants, Infront Enterprises Pvt.

Ltd. 2,500,000 warrants, Johnsom & Andrew Properties Pvt. Ltd. 2,500,000 warrants, Jurox Enterprises Pvt. Ltd. 2,500,000 warrants and Shakun Impex Pvt.

Ltd 7,500,000 warrants. The transaction has been approved by the shareholders of the company.