Orchasp Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/08/2025 ,inter alia, to consider and approve the Notice of 31st AGM and related resolutions
ORCHASP · price
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Orchasp Limited has called a board meeting on 30 August 2025 to approve the notice for its 31st Annual General Meeting and several key resolutions. The board will consider appointing M/s JMT & Associates as new Statutory Auditors for four years, replacing the existing auditor. It will also reappoint Mr. Chandra Sekhar Pattapurathi as Managing Director & CFO for five years and induct Mr. Krishna Shankar Kanamarlapudi as a Non-Independent Non-Executive Director for five years. A significant item is the proposed allotment of equity shares to promoter family member Mrs. Rajeswari Pattapurathi to settle outstanding loan dues owed to the company, and another share allotment to bondholders M/s Global Focus Fund against accrued interest — both subject to shareholder approval. Additionally, the board plans to replace an existing loan agreement with M/s WAHA Al Mesela for Contracting with a new agreement involving M/s WAHTULMSYLH LLMQWLAT.
Shareholders should watch for potential equity dilution from the proposed share allotments to the promoter family and bondholders, which could increase the share count. The change of statutory auditor and reshuffling of board roles are governance changes worth noting, while the AGM will require shareholder approval on these sensitive items.