Objective of the issue:
- To set up Bio-Diesel manufacturing unit
- To meet the additional Working Capital requirement on account of increased operations for the Agrochemical & Bio Fertilizer division
- To repay short term loan of Rs 120.00 Lakhs availed from Union Bank of India for meeting the project expenses
- To partially repay the working capital loan facility availed from Union Bank of India;
To meet the public issue expenses
The equity shares of the company are proposed to be listed on the BSE.
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