Suyog Telematics Limited announced a private placement to issue 1,055,000 warrants at an issue price of INR 142.5 for the gross proceeds of INR 150,337,500 on April 12, 2024. The transaction will include participation from returning investors Shivshankar Gurushantappa Lature for 527,500 warrants for 45.38% stake and Suchitra Lature for 527,500 warrants for 0.05% stake. The transaction has been approved by shareholders of the company.

Post completion, Shivshankar Gurushanta ppa Lature will hold 5,365,900 warrants for 50.33% stake and Suchitra Lature for 533,180 warrants for 5% stake.