This is to inform all the Stakeholders that Board of Directors in their Meeting held today has Allotted 43,05,000 Convertible warrants to Non-Promoters on Preferential Basis pursuant to ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Orient Tradelink Ltd's board, at its meeting on 9th April 2025, approved the allotment of 43,05,000 fully convertible warrants to 12 non-promoter investors on a preferential basis at an issue price of Rs 16 per warrant. The company has received Rs 1.72 crore upfront, which is the 25% warrant subscription price (Rs 4 per warrant). The remaining Rs 12 per warrant (75%) will be payable when warrant holders choose to convert into equity shares of Rs 10 face value. Each warrant is convertible into one equity share, exercisable within 18 months in one or more tranches. The total potential capital infusion if all warrants are converted would be approximately Rs 6.89 crore. Shareholders had earlier approved this issuance on 23rd December 2024, and BSE gave its in-principle approval on 1st April 2025.
If all warrants are converted into equity, existing shareholders will see dilution of their holdings by around 43 lakh shares. The Rs 16 issue price is at a premium to the Rs 10 face value, which is positive, but the small size of the raise (Rs 6.89 crore maximum) suggests this is a modest capital infusion rather than a transformative event.