This to inform to all the Stakeholders that board of directors in their meeting held today on 14 april 2025 alloted 875000 convertible warrants to non promoters on preferential basis pursuant ....
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The board of Orient Tradelink Ltd approved the allotment of 8,75,000 fully convertible warrants on a preferential basis to a single non-promoter investor, Sarita Sunil Mane, at an issue price of Rs 16 per warrant. The company has received Rs 35 lakhs as 25% upfront subscription money (Rs 4 per warrant). Each warrant is convertible into one equity share of Rs 10 face value within 18 months, with the balance Rs 12 per warrant payable at the time of conversion. The full conversion would bring in an additional Rs 1.05 crore, taking the total potential raise to Rs 1.4 crore. The warrants can be converted in one or more tranches.
This is a small preferential capital raise from a single non-promoter investor that may dilute existing shareholders by up to 8,75,000 equity shares upon full conversion. The initial inflow is modest at Rs 35 lakhs, and the 18-month conversion window means dilution and remaining capital are spread out over time.