This is to inform all the stakeholders that Board of Directors in their meeting held today has allotted 1940000 Convertible Warrants to Non-Promoters on preferential basis pursuant to In ....
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Awaiting price reaction for this filing.
Orient Tradelink Ltd has allotted 19,40,000 fully convertible warrants to three non-promoter individual investors on a preferential basis at Rs 16 per warrant, totalling Rs 77.60 lakhs. Each warrant is convertible into one equity share of Rs 10 face value, with an 18-month exercise period from the date of allotment. Investors paid 25% upfront (Rs 4 per warrant = Rs 77.60 lakhs received) and must pay the remaining Rs 12 per warrant at the time of conversion. The allotment follows shareholder approval on 23rd December 2024 and BSE in-principle approval on 1st April 2025.
This is a small capital raise from individual non-promoter investors that will lead to dilution of existing shareholders once the warrants are exercised. The scale (Rs 77.6 lakhs) is modest, suggesting limited material impact on the stock, though successful conversion would expand the equity base.