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-principle ....
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Awaiting price reaction for this filing.
Orient Tradelink Ltd's board, meeting on 10th April 2025, approved the allotment of 19,40,000 fully convertible warrants to three non-promoter investors at Rs 16 per warrant. Each warrant can be converted into one equity share of Rs 10 face value within 18 months. The company has received Rs 77.60 lakh as 25% upfront subscription money (Rs 4 per warrant), with the remaining Rs 12 per warrant due upon conversion. The allottees are Sarika Raju Mane (8.70 lakh warrants), Vishakha Umesh Jadhav (8.70 lakh warrants), and Prakash Chandra Srivastava (2 lakh warrants). Total potential equity infusion on full conversion is Rs 3.10 crore.
This is a small preferential fundraising that will dilute existing shareholders when warrants are converted. Given the modest size (Rs 77.6 lakh received now, Rs 3.10 crore potential), the impact on shareholding and stock price is likely limited. Investors should note potential equity dilution over the next 18 months.