Aarey Drugs & Pharmaceuticals Limited announced a private placement of up to 5,000,000 equity shares and up to 5,000,000 convertible warrants on July 26, 2023. The equity shares and warrants are issued on the preferential basis. The transaction will include participation from Riddhi Trade Solutions Private Limited for 50,000 shares and 0.14% stake, Rakesh V Shah Huf for 100,000 shares and 0.28% stake, Shefali Sameer Bhujbal for 40,000 shares and 0.11% stake, Chanchal Rakesh Kabra for 30,000 shares and 0.08% stake, Rextar Plus Services Private Limited for 50000 shares and 0.14% stake, Prachi Amit Shah for 25,000 shares and 0.07% stake, Marygold Health And Education Private Limited for 50,000 shares and 0.14% stake, Vikas Malu for 50,000 shares and 0.14% stake, Jigar Arvind Shah for 50,000 shares and 0.14% stake, Varun Anil Parakh for 50,000 shares and 0.14% stake, Sagar Dattatraya Meghe for 50000 shares and 0.14% stake, Sangeeta Arvind Nighojkar for 75,000 shares and 0.21% stake, Vedaputi Narasimhan Devadoss for 50,000 shares and 0.14% stake, Rajan Dental Institute Private Limited for 50,000 shares and 0.14% stake, Black Hawk Properties Private Limited for 380,000 shares and 1.07% stake, Watco Chennai Real Estate Pvt Ltd for 100,000 shares and 0.28%, Vijaykumar B Shah for 150,000 shares and 0.42% stake, Priti V Shah for 150,000 shares and 0.42% stake, Sumit Malhotra for 100,750 shares and 0.28% stake, Trisha Malhotr for 100,800 shares and 0.28% stake, Karan Monomer's Private Limited for 63,630 shares and 0.18% stake, Manisha Anil Bajaria for 200,000 shares and 0.57% stake, Viraj Anil Bajaria for 100,000 shares and 0.14% stake, Chirag Jitendra Bajaria for 103,790 shares and 0.29% stake, Riya Shah for 40,000 shares and 0.11% stake, Shlok Shah for 61,000 shares and 0.17% stake, Jasmine Nanavati 150,000 shares and 0.42% stake, Preyash Nanavati 153,030 shares and 0.43% stake, Dinesh Matalia 76,000 shares and 0.21% stake, Rajesh Pranlal Ghatalia 100,000 shares and 2.84% stake, Bina Rajesh Ghatalia 251,000 shares and 12.02% stake, Mihir Rajesh Ghatalia 100,000 shares and 10.84% stake, Nimit Rajesh Ghatalia 100,000 shares and 3.53% stake, Mira Mihir Ghatalia 250000 shares and 2.66% stake, Ekta Nimit Ghatalia 250,000 shares and 0.71% stake, Mihir Rajesh Ghatalia (Huf) 150,000 shares and 0.42% stake, Priti Chetan Mehta 150,000 shares and 0.48% stake, Chetan Kiritbhai Mehta 50,000 shares and 0.99% stake, Worth Investment & Trading Company Limited 250,000 shares and 0.71% stake post completion of the transaction and participation for warrants will include Rajesh Pranlal Ghatalia for 400,000 warrants and 1.14% stake, Bina Rajesh Ghatalia for 400,000 warrants and 12.44% stake, Mihir Rajesh Ghatalia for 400,000 warrants and 9.14%, Nimit Rajesh Ghatalia for 400,000 warrants and 4.38% stake, Mira Mihir Ghatalia for 400,000 warrants and 2.26% stake, Ekta Nimit Ghatalia for 400,000 warrants and 1.13% stake, Mihir Rajesh Ghatalia (HUF) for 400,000 warrants and 1.13% stake, Priti Chetan Mehta for 200,000 warrants and 0.62% stake, Chetan Kiritbhai Mehta for 400,000 warrants and 1.98% stake, Worth Investment & Trading Company Limited for 400,000 warrants and 1.13% stake, Enam Organics India Limited for 400,000 warrants and 1.13% stake, Suraj Tradelinks Private Limited for 400,000 warrants and 6.81% stake, Nimit Impex Pvt Ltd for 400,000 warrants and 6.81% stake.

The transaction has been approved by the board of directors of the company.