This to inform to all Stakeholders that Board Of directors in their meeting held today has alloted 3942000 Convertible Warrants To Non Promoters pursuant to preferential issue
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Orient Tradelink Ltd's board, in its meeting on 15th April 2025, allotted 39,42,000 fully convertible warrants to non-promoter investors at Rs 16 per warrant on a preferential basis. The company received Rs 1.58 crore as the 25% upfront subscription amount (Rs 4 per warrant). The warrants are convertible into equity shares of Rs 10 face value, with the remaining 75% (Rs 12 per warrant) payable upon conversion. The warrant tenure is 18 months. If all warrants are converted, the total inflow would be Rs 6.31 crore and the equity base would expand by 39.42 lakh shares. The 7 allottees are all non-promoters, including 5 individuals and 2 LLPs (Avantika Commosales LLP and Whamia Traders LLP being the largest recipients).
This is a small preferential issue for Orient Tradelink Ltd, raising Rs 1.58 crore now and potentially Rs 6.31 crore if all warrants convert. Existing shareholders face potential equity dilution of up to 39.42 lakh shares over the next 18 months, but promoter holding remains unaffected as the issue is to non-promoters only.