The company proposes to utilize the net proceeds from the fresh issue to fund the following objectives:

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  To finance substantial working capital requirements for investments in trade receivables and inventories, as well as to support the operational needs of its B2B segment and expanding D2C dark store factories.

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  To repay or prepay, in full or part, certain outstanding secured and unsecured borrowings availed from various banks and financial institutions, which will help reduce indebtedness and debt servicing costs.

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  To fund the capital expenditure for setting up 16 new Direct-to-Consumer (D2C) dark store factories in the Delhi/NCR region, enhancing last-mile delivery and providing fresh products to consumers within 10 minutes.

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  To fund the capital expenditure for the purchase and installation of machinery for a new automated namkeen manufacturing plant at its existing manufacturing unit to diversify its product portfolio.

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  To meet general corporate purposes, which may include funding operational expenses, business development initiatives, marketing capabilities, and other exigencies that may arise in the ordinary course of business.