This is to inform to all the Stakeholders that Board of Directors in their meeting held today i.e 14th April 2025 alloted 875000 convertible warrants to Non Promoters on Preferential Basis ....
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The board of Orient Tradelink Ltd, at its meeting on 14th April 2025, allotted 8,75,000 fully convertible warrants to a single non-promoter investor (Sarita Sunil Mane) on a preferential basis at an issue price of Rs 16 per warrant. The company has received Rs 35 lakhs upfront (25% of the issue price, i.e. Rs 4 per warrant), with the balance Rs 12 per warrant payable upon conversion. Each warrant is convertible into one equity share of Rs 10 face value within 18 months from allotment, meaning the total potential equity dilution is up to 8,75,000 shares. The total deal value, if fully converted, is Rs 1.4 crore. The allotment follows shareholder approval from 23rd December 2024 and BSE in-principle approval dated 1st April 2025.
Minor equity dilution of up to 8,75,000 shares for existing shareholders once warrants are exercised within the 18-month window, along with a small cash inflow of Rs 35 lakhs now and a further Rs 1.05 crore expected upon conversion. The size of the issue is small relative to a typical preferential placement, and the involvement of a single individual investor (rather than an institutional or marquee name) may be viewed as neutral by the market.