Speciality Restaurants Limited announced a private placement of 6,000,000 warrants on February 2, 2023. The warrants are convertible into common shares of the company. The warrants have an issue price of INR 212.05 per warrant.

The company will receive 25% of the total amount, which is INR 318,075,000, as upfront payment at the time of allotment of warrants and the remaining 75% shall be payable by the warrant holders on or before April 30, 2023 after receipt of a written notice from the company. The transaction has been approved by the board of directors of the company.