This is to inform you that Board of Directors in their meeting held today has allotted 5565000 Convertible warrants at issue price Rs 16 pursuant to Preferential Issue and subject to In-principle ....
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Awaiting price reaction for this filing.
The board of Orient Tradelink Ltd approved the allotment of 55.65 lakh fully convertible warrants to 13 non-promoter investors at an issue price of Rs 16 per warrant, totalling Rs 2.226 crore. Investors have paid 25% upfront (Rs 4 per warrant, aggregating Rs 22.26 lakh) as subscription money, with the remaining Rs 12 per warrant payable upon conversion. Each warrant is convertible into one equity share of Rs 10 face value within 18 months, in one or more tranches. The allottees are mostly individuals and one company (Nicole Management Services Pvt Ltd), all classified as non-promoters. The allotment follows shareholder approval on 23rd December 2024 and BSE in-principle approval dated 1st April 2025.
This is a small preferential issuance that may lead to equity dilution of up to 55.65 lakh shares if all warrants are converted within 18 months. The company raises only Rs 22.26 lakh in immediate cash, with the remaining Rs 1.67 crore to be received only upon actual warrant exercise, so near-term impact on the stock is likely limited.