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Gabriel Pet Straps Limited's board has approved a significant capital raise. The company allotted 18.10 lakh equity shares at Rs. 256 each, raising approximately Rs. 46.33 crore. Additionally, 15.30 lakh fully convertible warrants were issued at Rs. 256 each to promoter group investors, potentially bringing in another Rs. 39.17 crore upon full conversion. The company also issued 67,708 equity shares by converting existing warrants, amounting to Rs. 1.73 crore. These allotments increase the paid-up equity share capital to Rs. 7.48 crore. This move signals growth plans and provides funding for future operations.