On April 7, 2023, Hariom Pipe Industries Limited closed the transaction. The company issued 2,750 common shares for gross proceeds of INR 948,750 and issued 7,500 convertible warrants for gross proceeds of INR 646,875; for total gross proceeds of INR 1,595,625 in its second tranche. The tranche included participation from Ramesh for 2,500 common shares and 7,500 convertible warrants and 250 common shares from Maruti Chindhu Jadhav.