Orchasp Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025 along with a copy of minutes.
ORCHASP · price
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Orchasp Limited held its 31st AGM on September 30, 2025, via video conferencing from 10:30 AM to 11:27 AM IST, with 241 members in attendance and four directors present. Shareholders were asked to approve the audited financial statements for FY25, reappointment of Mr. P. Chandra Sekhar as Managing Director & CFO, and appointment of M/s JMT & Associates as statutory auditors for four years. Two key special resolutions involved preferential share allotments — one to promoter Ms. P. Rajeswari towards loan dues of ex-CEO Mr. P.C. Pantulu, and another to M/s Global Focus Fund towards accrued interest on 1% FCCBs. The Chairman noted that the company has completed the conversion of its FCCBs, reported a profit in Q1 of FY26, and is gaining traction on its indusayush platform, with business focus on healthcare, logistics, and retail software services. The company also directly listed on NSE in February 2025.
The two preferential allotments will dilute existing shareholders' equity, though they settle promoter loan obligations and FCCB interest liabilities. The return to profit in Q1 FY26, improving cash flows, and NSE direct listing are positive signals for the stock's liquidity and operational outlook.