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Annapurna Swadisht, a Kolkata-based packaged snacks company, has appointed Gajanan Prasad Sah Kalwar as an additional director and joint managing director. Sah will be responsible for expanding the company's product portfolio, particularly in the biscuit and noodles segments, and strengthening its presence across east, central, and north India. Sah previously served as the global CEO of the FMCG division of CG Corp Global. wns.
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The company will issue the following securities on a preferential basis: 11,00,000 equity shares, for Rs 295 per equity share, aggregating to Rs 32.45 crore and 12,50,000 warrants, at an exercise price of Rs 295 per warrant, aggregating to Rs 36.88 crore. Warrants may be converted in tranches within 18 months, the company stated.