On November 17, 2021, P G Foils Limited closed the transaction. The company issued 3,865,000 warrants an a price of INR 194 per warrant. The transaction included participation from Pankaj P Shah for 600,000 warrants, Sahil P Shah for 250,000 warrants, Manju Pankajraj Shah for 400,000 warrants, Stonecolour Exim Private Limited for 650,000 warrants, Vicco Products Bombay Private Limited for 200,000 warrants, RP Metaliks Private Limited for 300,000 warrants, Priti International Limited for 30,000 warrants, Swabhiman Marketing Pvt Limited for 15,000 warrants, Prashant Prakash Bora for 75,000 warrants, Leeladevi S Nuwal for 200,000 warrants, Manish Satyanarayan Nuwal for 200,000 warrants, Seema Manish Nuwal for 300,000 warrants, Harsh Saraswat for 20,000 warrants, Bindu Garg for 25,000 warrants, Nitin Parwal for 60,000 warrants, Pushpa Parwal for 60,000 warrants, Utsav Maloo for 25,000 warrants, Chandra Shekhar Saboo for 70,000 warrants, Bharat Jayantilal Shah for 25,000 warrants, Yatin Bhupendra Khara for 20,000 warrants, Shivani Tibdiwal for 100,000 warrants, Hastimal Dhanraj Gandhi for 50,000 warrants, Jyoti Sanjay Tibdiwal for 100,000 warrants, Avinash Sudhakar Foujdar for 7,500 warrants, Swapnil Deshpande for 7,500 warrants, Arpit Agrawal for 50,000 warrants, and Seema Anilkumar Modani for 25,000 warrants.

The company will receive 25% of the price at the time and allotment and remaining 75% within 18 months from the date of allotment. The board of directors of the company approved the allotment.