Allotment of 3,55,683 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 Limited has allotted 3,55,683 equity shares at INR 22 per share (face value INR 10 plus INR 12 premium) on a preferential basis to five non-promoter individuals. The total amount raised is approximately INR 78.25 lakhs. The largest allottee, Sanjay Sinha, received 1,90,909 shares, while the others (Tejinder Singh, Hemlata Sharma, Rudrakshi Sharma, and Shikha) received the remaining shares. Post-allotment, the paid-up equity capital of the company has increased from INR 37.60 crores to INR 37.96 crores. Promoter and public shareholding percentages remain unchanged at 0.24% and 99.76% respectively, as the new shares were all issued to the public category.
This is a small preferential issue (less than 1% of existing share capital) to non-promoter individuals, so dilution impact on existing shareholders is minimal. The fund raise is modest at around INR 78 lakhs, which may slightly improve liquidity but is unlikely to materially move the stock price.