This is to inform all stakeholders that Board of Directors in their meeting held today has allotted 43,30,000 Convertible warrants to Non Promoters pursuant to Preferential Issue subject ....
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Orient Tradelink Ltd's board, at a meeting on April 7, 2025, approved the allotment of 43.30 lakh fully convertible warrants to non-promoter investors at Rs 16 per warrant (face value Rs 10 each), aggregating to Rs 1.77 crore. The company has already received Rs 69.28 lakh as 25% upfront subscription money, with the remaining Rs 12 per warrant payable on conversion. There are 9 allottees, mostly individuals plus one LLP (Joydeep Commosales LLP), with the largest being Namita Sanjay Sinha (13 lakh warrants). Each warrant is convertible into 1 equity share and has an 18-month tenure from the date of allotment. The BSE had earlier granted in-principle approval for up to 4.96 crore warrants but only 43.30 lakh have been allotted so far.
This is a small preferential fundraising of about Rs 1.77 crore from non-promoters, which will bring in modest fresh capital. If all warrants are converted within 18 months, existing shareholders will face equity dilution of up to 43.30 lakh shares, though the size is small relative to typical listed entities.