This is to inform all the stakeholders that Board of Director in their meeting held today has allotted 3942000 Convertible Warrants to Non Promoters pursuant to Preferential Issue
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Awaiting price reaction for this filing.
On April 15, 2025, the Board of Orient Tradelink Ltd allotted 39.42 lakh fully convertible warrants to 7 non-promoter investors at Rs 16 per warrant, raising Rs 1.58 crore in total. Investors paid 25% upfront (Rs 4 per warrant = Rs 39.42 lakh received), with the remaining Rs 12 per warrant payable on conversion. Each warrant can be converted into 1 equity share of Rs 10 face value, with an 18-month tenure convertible in tranches. The allottees include 2 individuals and 2 LLPs — Raju Yallapa Mane (8.05 lakh warrants), Anees Alnasir Gilani (8 lakh), Avantika Commosales LLP (10.75 lakh), Whamia Traders LLP (10.62 lakh), and three smaller investors. The issue was approved by shareholders in December 2024 and received BSE in-principle approval on April 1, 2025.
This is a small preferential warrant issue, so dilution risk is limited, but it will increase the share count once warrants convert over the next 18 months. The Rs 1.58 crore inflow strengthens the company's cash position modestly. For existing shareholders, this is a mild dilutive event with warrants priced at a Rs 6 premium over face value.