This is to inform all the stakeholders that Board of Directors in their meeting held today has allotted 2100000 Convertible warrants to Non Promoters on preferential basis subject to in ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Orient Tradelink Ltd's board, at its meeting on 11th April 2025, approved the allotment of 21 lakh fully convertible warrants on a preferential basis to two non-promoter investors — Kushneet Kumar Vijray (10 lakh warrants) and Chattar Singh (11 lakh warrants). The issue price is Rs 16 per warrant, with a face value of Rs 10 per underlying equity share. Each investor has paid 25% upfront (Rs 4 per warrant), bringing in Rs 84 lakh in subscription money. The remaining Rs 12 per warrant must be paid within 18 months when the warrants are converted into equity shares. The total potential inflow upon full conversion is Rs 3.36 crore.
This is a small dilution event — only Rs 84 lakh raised so far with another Rs 2.52 crore expected on conversion — so impact on existing shareholders is limited. However, the preferential allotment will result in equity dilution once the warrants are exercised, which existing shareholders should monitor over the next 18 months.