Jyoti Structures Limited announced a private placement to issue 13,400,000 common shares at an issue price of INR 13.2 per share (INR 11.2 premium) for the gross proceeds of INR 176,880,000 and 60,750,000 convertible warrants at an issue price of INR 3.3 per warrant for the gross proceeds of INR 200,475,000; aggregate gross proceeds of INR 377,355,000 on November 16, 2023. The transaction will include participation of new investors Ruchi Gupta for 3,000,000 Warrants, RSP Ventures for 5,000,000 Warrants, Mayank Subhash Rathod for 2,500,000 Warrants, Mangala Subhash Rathod for 2,500,000 Warrants, Saajan Subhash Rathod for 2,500,000 Warrants, Sahi Trading Pvt. Ltd. for 2,500,000 Warrants, Shakun Impex Pvt.

Ltd. for 5,000,000 Warrants, Bengal Finance & Investment Pvt. Ltd. for 18,000,000 Warrants, Ashish Kacholia for 18,000,000 Warrants, Sanjeev Aggarwal for 750,000 Warrants, Gajanand Agrawal for 1,000,000 Warrants and Ruchi Gupta for 2,000,000 shares, RSP Ventures for 2,500,000 shares, Bengal Finance & Investment Pvt. Ltd. for 4,400,000 shares, Ashish Kacholia for 4,400,000 shares, Gajanand Agrawal for 100,000 shares The transaction has been approved by the shareholders of the company.