Drafting error clarification in preferential issue notice point 7
ORCHASP · price
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Orchasp Limited clarified a drafting error in Point No. 7 of the Explanatory Statement to its September 30, 2026 AGM notice about a proposed preferential equity issue. The error wrongly said the proposed allottee already belongs to the Promoter and Promoter Group; the correct reading is the allottee will belong to this category post-allotment. Point 14 correctly disclosed the allottee as a non-promoter with nil shareholding. The preferential issue resolution passed with 99.99 percent of votes in favor. No other changes to issue terms.
Minor administrative correction. No change to preferential issue terms. Resolution already approved by shareholders. Limited stock price impact expected.