Allotment of 3,90,682 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 has allotted 3,90,682 equity shares on a preferential basis at INR 22 per share (face value INR 10, premium INR 12). The shares were allotted to four non-promoter individuals: Shikha (75,000), Sanjay Sinha (1,40,910), Bhawna Shadija (24,772), and Sunita Panwar (1,50,000). The total amount raised is approximately INR 85.95 lakhs. Post-allotment, the company's paid-up equity capital has increased from INR 37.96 crores to INR 38.35 crores. Promoter holding remains unchanged at 0.24%, while public holding stays at 99.76%.
This is a small preferential issue (under INR 1 crore) to non-promoter individuals, resulting in marginal dilution for existing public shareholders. The change in paid-up capital is negligible and unlikely to materially affect the stock price or shareholder value.