We are herewith submitting the 31st Annual Report of the company in complliance with Regulation 34(1) of SEBI(LODR) Regulations,2015
ORCHASP · price
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Orchasp Limited has submitted its 31st Annual Report for the financial year 2024-25 to BSE (Scrip Code: 532271) and NSE (Symbol: ORCHASP), in line with SEBI LODR Regulation 34(1). The 31st Annual General Meeting is scheduled for 30th September 2025 at 10:30 AM through video conferencing, with the record date set as 23rd September 2025. Key agenda items include adoption of audited financials, appointment of M/s JMT & Associates as statutory auditors for four years, re-appointment of P. Chandra Sekhar as Managing Director and CFO for five years at a salary of Rs 2.5 lakh per month, and appointment of Krishna Shankar as a Non-Executive Director. Two preferential share allotments are proposed: 2,68,75,000 equity shares at Rs 3.20 each (aggregating Rs 8.60 crore) to Mrs. P. Rajeswari (legal heir of late promoter P.C. Pantulu) by converting her outstanding unsecured loan, and another allotment worth up to Rs 4.17 crore to Global Focus Fund against accrued interest on FCCBs. A loan agreement with M/s WAHA Al Mesela (now substituted with M/s Wahtulmsylh Llmqawlat) worth Rs 7.12 crore, carrying equity conversion rights, is also up for shareholder ratification.
This is primarily a routine annual report filing, but it flags significant equity dilution events ahead: existing shareholders may see their stakes reduced through preferential allotments to the promoter's family and FCCB holders, though these conversions will simultaneously reduce the company's debt burden. Watch the preferential issue price and lock-in terms as they reflect how the company is managing its obligations to insiders and foreign bondholders.