Allotment of 97,271 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 the ....
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Orient Tradelink Ltd has allotted 97,271 equity shares on a preferential basis to three non-promoter individuals at INR 22 per share (face value INR 10 plus a premium of INR 12). The largest allottee is Prakash Ch Srivastava with 68,181 shares, followed by Sarla Sharma with 21,590 shares and Bhim Raj Singh with 7,500 shares. Post-allotment, the company's paid-up equity share capital has risen from INR 35.67 crore (3,56,70,635 shares) to INR 35.77 crore (3,57,67,906 shares). Promoter and promoter group holding marginally diluted from 0.26% to 0.25%, while public holding increased to 99.75%. The total funds raised amount to approximately INR 21.4 lakh.
The preferential issue is a small dilution (~0.27% increase in share count) and is unlikely to materially affect share price. Promoter stake is only marginally diluted, signaling continued control, while bringing in three new non-promoter shareholders.