This is to inform all the stakeholders that Board of Directors has conducted Board Meeting at 1.00 pm which was concluded at 1.50 pm , and duly adjourned and re convened at 5.30pm and concluded ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 3.4 pts less than its Film Production, Distribution & Exhibition peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Orient Tradelink Ltd's board approved the allotment of 51,42,000 fully convertible warrants on a preferential basis to 12 non-promoter investors at Rs 16 per warrant. The company received Rs 2.05 crore as the upfront 25% subscription amount (Rs 4 per warrant). Each warrant is convertible into one equity share of Rs 10 face value within 18 months, with the balance Rs 12 per share payable at the time of conversion. The warrants were approved by shareholders on 23rd December 2024 and received BSE in-principle approval on 1st April 2025.
This is a small preferential fundraising of about Rs 2.05 crore from 12 investors, which will dilute existing shareholders upon conversion. The stock may see some short-term pressure due to dilution, but the amount is relatively modest for the company.