S.I.Capital & Financial Services Limited announced a private placement to issue 900,000 common shares and 550,000 convertible warrants at an issue price of INR 4.0625 for the gross proceeds of INR 2,234,375 on March 11, 2024. The transaction will include participation from returning investor Sharewealth Securities Ltd for 150,000 warrants, and individual investors Jayson A Mekkattukulam for 200,000 warrants and 450,000 shares and Jyothish AR for 200,000 warrants and 450,000 shares. The transaction has been approved by shareholders and is subject to general shareholders of the company.