The Byke Hospitality Limited announced a private placement that it will issue equity shares on preferential basis up to 12,500,000 Equity warrants at an issue price of INR 11. 25 i.e. Fully Convertible Warrants, each convertible into equivalent number of fully paid up equity share of the company of face value of INR 10 each at a Premium of INR 35, within a maximum period of 18 months from the date of allotment of warrants for the aggregate gross proceeds of INR 140,625,000 on November 8, 2023. The transaction will include participation from MBRD Investment for 700,000 warrants, P G Foils Limited for 500,000 warrants, Shree Ram India Gums Private Limited for 250,000 warrants, Accufolio Risers LLP for 250000 warrants, PGL Projekts Limited for 225000 warrants, Santosh Industries Limited for 200,000 warrants, Anamika Fashionwears And Exports Private Limited for 200,000 warrants, Metores lspat Private Limited for 100000 warrants, JJoshi Infra-Projects Private Limited for 100,000 warrants and individual investors such as Aayush Ani!

Patodia for 500,000 warrants, Archana Ani! Patodia for 1,000,000 warrants, Arunkumar Poddar for 400,000 warrants, Anil Chothmal Patodia for 1,000,000 warrants, Suyash Sunil Patodia for 400,000 warrants, Darshi! Kedia for 450,000 warrants, Preeti Agrawal for 450,000 warrants, Prem Chand Agarwal for 450,000 warrants, Jashandeep Singh for 450,000 warrants, Rajeev and Sons HUF for 400,000 warrants, Kirodi Mal Modi for 350,000 warrants, Gopi Kishan Malani for 300,000 warrants, SunitaModi for 300,000 warrants, Bimla Bajaj for 300,000 warrants, Shradha Agarwal for 250,000 warrants, Aanchal Gupta for 225,000 warrants, Anshu Gupta for 225,000 warrants, Nidhi Aggarwal for 225,000 warrants, Tina Aggarwal for 225,000 warrants, Garv Agarwal for 200,000 warrants, Vijay Pukhraj Bhandari for 200,000 warrants, Rahul Agarwal for 150,000 warrants, Shraddha Agrawal for 125,000 warrants, Swati Piyush Somani for 100,000 warrants, Virna!

Kishore Parwal for 100,000 warrants, Navneet Shyamsunder Kothari for 100,000 warrants, Himesh Narayan HUF for 100,000 warrants, Kishan Lal Rungta for 100,000 warrants, Rek:ha Rungta for 100,000 warrants, Shruti Sunil Jatia for 100,000 warrants, Ram A vtar Agarwala for 100,000 warrants, Raksha Kirti Ajmera for 100,000 warrants, Shyamsunder Basudeo Agarwal for 100,000 warrants, M/S. Abhisek Bhutra HUF for 100,000 warrants, Aishvarya Dadheech for 100,000 warrants and Garima Chhaparia for 100,000 warrants. The transaction has been approved by the board of directors of the company.