Sagar Soya Products Limited announced a private placement to issue 3,529,399 share warrants at an issue price of INR 8.5 (34 (INR 24 premium + INR10) per warrant share for the gross proceeds of INR 29,999,891.5 on July 21, 2023. The transaction will include participation from new investors Rajkot Investment Trust Limited for 588,235 shares, Sinecure Infrastructure Private Limited for 588,235 shares, Mahanada Enterprises Limited for 294,117 shares, Nitin Silk Mills Private Limited for 147,058 shares, Bhavisha Bhavsar for 73,529 shares, Dhawal Bhavsar for 73,529 shares, Sangeeta Mahesh Beria for 73,529 shares, Mahesh Ramprasad Beria for 73,529 shares, Vijayshree Maloo for 73,529 shares, Yuvraj Paras Maloo for 73,529 shares, Diptiben Pareshbhai Parekh for 73,529 shares, Pareshbhai Kiritbhai Parekh for 73,529 shares, Madhu Tarachand Ranka for 73,529 shares, Sanjay Ranka for 73,529 shares, Indira Devi Girdhari Ram Mistri for 73,529 shares, Durga Devi Lunia for 73,529 shares, Rakesh Kumar Lunia HUF for 73,529 shares, Chhaya Subhkaran Soni for 73,529 shares, Soni Mudit Subhkaran for 73,529 shares, Fenish Bharatkumar Modi for 73,529 shares, Bharat Ambaram Modi for 73,529 shares, Omprakash Jhawarmal Soni for 73,529 shares, Sonal Manish Soni for 73,529 shares, Pokar Ram Malya for 73,529 shares, Devendrakumar Thakorlal Thakkar for 73,529 shares, Devangi Harsh Thakkar for 73,529 shares, Manulaben Vishwanath Turde for 73,529 shares, Jignesh Vishwanth Turde for 73,529 shares, Anil Joshi for 73,529 shares and Binal Joshi for 73,529 shares. The transaction has been approved by the shareholders of the company.