Deep Polymers Limited (the 'Company), at its meeting held today i.e. Monday, 21st August, 2023, has approved proposal for raising of funds by way of issuance of 11,47,200 equity shares having face value ?10 each ('Equity Shares') aggregating face value up to ? 1,14,72,000 (Rupees One Crore Fourteen Lakh Seventy-Two Thousand Only) on a preferential basis ('Preferential Issue'), to Mr. Rameshbhai Bhimjibhai Patel, Promoter of the Company and Mrs. Ashaben Rameshbhai Patel, Promoter group in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ('SEBI ICDR Regulations') and other applicable laws, at such price as will be determined in accordance with the SEBI ICDR Regulations and other applicable regulation, if any, and subject to the approval of regulatory / statutory authorities, as applicable, and the approval of shareholders of the Company.