Orient Tradelink Limited’s board of directors has given the green light to allot 6,00,000 equity shares at a price of INR 11/- per share, which includes a premium of INR 1/- per share. This comes after the exercise of an option to convert equity warrants into an equal number of equity shares by paying the remaining subscription amount of 75% (INR 8.25/- Per Warrant) of warrant issue price. The company has identified the allottees who will benefit from this development.
Non-promoter shareholders and their shareholdings:
- Ramudagar Kamat: 100,000 shares
- Mahesh Kumar Verma: 300,000 shares
- Jasvinder Singh: 200,000 shares
The paid-up equity share capital of the company has increased from INR 11,16,50,000 to INR 11,76,50,000 following the allotment of the equity shares mentioned above. The company’s total equity shares now stand at 1,17,65,000, each with a face value of INR 10.
About Orient Tradelink:
Orient Tradelink Ltd., incorporated in the year 1994, is a Small Cap company (having a market cap of Rs 14.30 Crore) operating in Media & Entertainment sector. Orient Tradelink Ltd. key Products/Revenue Segments include Seeds and Other Operating Revenue for the year ending 31-Mar-2022.
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