The company intend to utilize the issue proceeds for the following objects:
1. Investment in our wholly owned Subsidiary, Coastal Biotech Private Limited ("CBPL") for part -financing its capital expenditure requirements in relation to the setting up of a manufacturing facility to manufacture 198 KLPD of Ethanol
2. Investment in our wholly owned Subsidiary, Continental Fisheries India Limited ("CFIL") for part -financing its capital expenditure requirements in relation to the setting up shrimp processing unit with installed capacity of 2,500 Kilograms Per Hour and 1,100MT Frozen Storage.
3. To meet the Issue Expenses.
4. General Corporate Purposes