This is to inform you that Board of Directors in their meeting held today has allotted 56,55,000 Convertible Warrants to Non-Promoters pursuant to In-principle Approval letter received ....

The Board of Directors of Orient Tradelink Ltd, at a meeting held on the announcement date, approved the allotment of 56,55,000 (56.55 lakh) Convertible Warrants to Non-Promoter investors. The allotment was done after receiving the in-principle approval letter (likely from the stock exchange). Each warrant gives the holder the right to convert it into equity shares of the company at a later date, as per the terms set. This is a method of raising capital without immediately issuing new shares.