Cropster Agro Limited announced a private placement of 2,48,60,000 warrants at a price of INR 0.625 per warrant for the gross proceeds of INR 15.5375 million on August 24, 2023. Each warrant will be convertible into equity shares of the company at an exercisable price of INR 1.875 per share. The warrants will be issued on preferential basis.

The transaction will include participation from new individual investors, Rohitkumar Kanaiyalal Dataniya for 12,05,270 warrants, Mistry Ruchik Chandrakant bhai for 12,05,270 warrants, Zala Vishnuji Gobarsangh for 12,05,270 warrants, Mahendra Zala for 12,05,270 warrants, Rishikumar Gosai for 12,05,270 warrants, Prutviraj Chhanabhai Zala for 12,31,000 warrants, Jaydeep Mishra for 12,31,000 warrants, Panchal Jayesh Jayantilal for 12,31,000 warrants, Veggie Fest Foods Private Limited for 12,31,000 warrants, Kamlesh Kanojiya for 12,17,000 warrants, Shivang Navinchandra Nayak for 12,05,270 warrants, Naynaben B Shah for 12,05,270 warrants , Jainam Finserve Private Limited for 12,16,712 warrants, Chandrima Mercantiles Limited for 12,17,192 warrants, Kamini Kandhan Mudaliar for 1,50,000 warrants, Kandhan Rajaram Mudaliyar for 2,00,000 warrants, Kandan Mudaliar HUF for 1,50,000 warrants, Baljeetkaur Bramin for 12,05,270 warrants, Pionex Agricom Private Limited for 12,15,270 warrants, Siddesh Arora for 12,15,270 warrants, Raju Mahavar for, 12,17,000 warrants, Rahul Shankarlal Nim for 12,17,000 warrants, Tarunkumar Makwana for 12,28,396 24 warrants, Shailesh Ratnabhai Patel for 50,000 warrants. The transaction has been approved by the shareholders of the company.