Allotment of 3,40,911 Equity shares of INR 10/- each at a price of INR 22/- per share comprising of premium of INR 12/- each per share, in accordance with the provisions of Chapter V of ....
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Orient Tradelink Ltd has allotted 3,40,911 equity shares on a preferential basis to six non-promoter individuals at INR 22/- per share (face value INR 10/- plus a premium of INR 12/-). The total capital raised is approximately INR 75 lakh. The allottees include Manmeet Singh (75,000 shares), Vanshika (25,000), Sanjay Sinha (81,818), Sarla Sharma (82,956), Jaideep Gautam (53,410), and Rudrakshi Sharma (22,727). Post-allotment, the company's paid-up equity share capital has risen from INR 36.84 crore (3,68,42,905 shares) to INR 37.18 crore (3,71,83,816 shares). Promoter shareholding has marginally dipped from 0.25% to 0.24%, while public shareholding moved up slightly to 99.76%.
This is a small preferential issue of roughly INR 75 lakh to individual non-promoter allottees, resulting in negligible promoter dilution (~0.01%) and a marginal increase in total share count. Given the modest size and the allottees being individuals rather than marquee institutional investors, the immediate impact on share price or shareholder value is expected to be limited.