Orchasp Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/12/2025 ,inter alia, to consider and approve (a) Allotment of 2,68,75,000 Equity ....
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Orchasp Ltd has informed BSE that its Board of Directors will meet on 18 December 2025 to consider and approve the allotment of 2,68,75,000 equity shares of Rs.2/- each at an issue price of Rs.3.20/- per share on a preferential basis. The shares will be allotted to Mrs. P. Rajeswari, the legal heir of Mr. P.C. Pantulu, the company's ex-Chairman & CEO, towards conversion of his loan amounts into equity. The total value of the allotment is approximately Rs.8.60 crore. The Board will also authorise the Managing Director & CFO to file necessary applications with BSE, NSE, ROC, CDSL, NSDL and obtain required regulatory permissions.
Existing shareholders will face equity dilution of around 2.68 crore shares, but the move converts a loan into equity, which may strengthen the company's balance sheet by reducing liabilities.