Issue of up to 2,11,670,481 Equity Shares of Re. 1/- per share for cash at a price of Rs. 8.74 per share aggregating to Rs. 185 crore on preferential basis to the company's Promoter, Wilmar Sugar Holdings subject to the approval of the shareholders of the Company. The main objects of the issue are as follows –

i. Redemption of Preference Shares issued by the Company, subject to approval of the Board of Directors of the Company.
ii. General Corporate Purposes