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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Repayment of loans | 10464.96 | — |
| Funding capital expenditure for manufacturing facilities in Bhind, Madhya Pradesh | 1905.88 | — |
| General corporate purposes | 843.50 | — |
The net proceeds from the fresh issue are proposed to be utilized for repayment of loans, funding capital expenditure for manufacturing facilities, and general corporate purposes. The estimated costs for the Rubber Recycling facility and Solid Tyres facility are ₹1,905.88 lakhs and ₹843.50 lakhs, respectively.