PG Electroplast Limited announced a private placement of warrants for total proceeds of INR 6,187,500 on March 31, 2021. The company issued 35,000 warrants for INR 1,312,500 to Anurag Gupta, Vishal Gupta, and 60,000 warrant for INR 2,250,000 to Vikas Gupta. Investors also exercised the warrants and paid complete amount. The paid-up equity share capital has been increased to 19,693,913 equity shares of face value INR 10. 600,000 fully convertible prepaid warrants. The warrants will be convertible into one common share of the company at INR 37.5 per share and will mature in 18 months from the date of the allotment. The company will receive 25% of the total amount, which is INR 22,500,000, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months. The warrants will be allotted on preferential basis. Anurag Gupta, Executive Director, Vishal Gupta Managing Director Finance, and Vikas Gupta, Managing Director Operations each will acquire 100,000 warrants, Arvind Yeshwant Pradhan will acquire 200,000 warrant, Nikhil Vishnuprasad Bagla and Urmila Nikhil Bagla each will acquire 50,000 warrants. The total price per warrants is INR 150 per warrant. The transaction has been approved by the board of directors of the company. The company intended to issue 600,000 fully convertible prepaid warrants in the transaction.