The objective of the fund raising is to effectively leverage emerging growth opportunities in the defence and telecommunications sectors, including strategic investments, and to further strengthen the Company's capital base and financial position. The proceeds from the proposed fund raising will, inter alia, be strategically deployed to support various initiatives central to the Company's growth agenda, including expansion through organic and inorganic means, acquisitions in related space, new business opportunities, and other strategic initiatives, repayment of debt, working capital, general corporate purposes.