Flexituff Ventures International Limited announced that it will issue of up to 5,940,000 convertible or exchangeable equity warrants at a price of INR 31.50, face value INR 10 per warrant for gross proceeds of INR 187,110,000 and up to 2,000,000 equity shares at a price of INR 31.50, face value INR 10 per share gross proceeds of INR 63,000,000; for aggregate gross proceeds of INR 250,110,000 on February 24, 2023. The transaction will include participation from new investors Green Environment Private Trust for up to 600,000 equity shares and up to 600,000 equity warrants and 3.66% stake, Gourmet Private Trust for up to 600,000 equity shares and up to 600,000 equity warrants and 3.66% stake, Triple A Real Estate Private Ltd for up to 1,085,000 equity warrants and up to 50,000 equity shares and 3.46% stake, Triple A Constructions Private Limited for up to 1,085,000 equity warrants and up to 50,000 equity shares and 3.46% stake, returning investor Fidus Reality Private Limited for up to 700,000 equity warrants and up to 700,000 equity shares for 4.28% stake, currently holds 0.02% stake, also including individual investors, Anant Kumar Bomb for up to 335,000 equity warrants, Aniket Bomb for up to 300,000 equity warrants, Mahesh Sharma for up to 300,000 equity warrants, Pramod Baid for up to 100,000 equity warrants, Priyanka Baid for up to 100,000 equity warrants, Yash Vardhan Baid HUF for up to 100,000 equity warrants, Yash Vardhan Baid for up to 100,000 equity warrants, Maan Vardhan Baid HUF for up to 100,000 equity warrants, Prakash Baid (HUF) for up to 100,000 equity warrants, and Kalpana Baid for up to 100,000 equity warrants. The company will issue the securities in preferential allotment.

All the equity warrants issued in the transaction will subject to exercise within eighteen months from the date of closing. The transaction has been approved by the board of directors of the company. The transaction is subject to approval of the members and shareholders of the company and other regulatory authorities.