Shri Krishna Prasadam Limited (BSE:537954) announced a private placement of pre-paid equity warrants on September 2, 2016. The warrants are convertible into common shares of the company. The investors would invest 25% of the exercise price of warrants as upfront payment. The remaining 75% would be payable upon exercise of these warrants. The warrants issued would expire in 18 months from the date of issue. The transaction has been approved by the board of directors of the company.