Standard Surfactants Limited announced a private placement of 1,114,000 convertible warrants on August 23, 2021. The transaction will include participation from Pawan Kumar Garg for 4,42,000 warrants, Kunal Garg for 4,42,000 warrants and Ankur Garg for 2,30,000 warrants. The warrants will be convertible into one common share of the company at face value of INR 10 per share. The company will issue securities through preferential allotment method. The company will receive 25% of the total amount, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months. The transaction has been approved by the board of directors of the company. The transaction is subject to approval on thirty second annual general meeting of the company on 30 September 2021.