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 pursuant to Preferential Issue subject ....
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On the reaction day the stock moved in line with Nifty Microcap 250 and 2.3 pts more 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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The Board of Orient Tradelink Ltd, at its meeting on April 9, 2025, approved the allotment of 43,05,000 fully convertible warrants to 12 non-promoter investors on a preferential basis. The issue price is Rs 16 per warrant, of which Rs 4 (25%) has been received upfront as subscription money, totaling Rs 1.72 crore. Each warrant can be converted into one equity share of Rs 10 face value within 18 months, with the remaining Rs 12 per share payable on conversion. The allotment follows shareholder approval from December 23, 2024 and BSE's in-principle approval dated April 1, 2025.
This is a small fundraise of Rs 1.72 crore from non-promoter investors, which could lead to equity dilution once the warrants are converted within 18 months. The stock may see short-term supply pressure given the preferential nature of the issue, but the amount is relatively minor for the company.