Description
53,64,000 equity shares of Orient Tradelink Ltd. (Scrip Code 531512) issued on preferential basis pursuant to warrant conversion are listed and permitted to trade from February 6, 2026.
Summary
BSE has approved the listing of 53,64,000 new equity shares of Orient Tradelink Ltd. (Scrip Code: 531512) issued on preferential basis to non-promoters pursuant to conversion of warrants. The shares are issued at Rs. 10/- face value with a premium of Rs. 6/- (total issue price Rs. 16/-) and will rank pari-passu with existing equity shares. Trading commences from Friday, February 6, 2026.
Key Points
- Total New Shares: 53,64,000 equity shares of Rs. 10/- each
- Issue Price: Rs. 16/- per share (Rs. 10/- face value + Rs. 6/- premium)
- Allotment Type: Preferential allotment to non-promoters
- Basis: Conversion of warrants
- ISIN: INE681D01039
- Distribution Numbers: 19353001 to 24717000
- Trading Start Date: February 6, 2026
- Ranking: Pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for new securities issued pursuant to warrant conversion.
Compliance Requirements
- Trading members are informed of the new securities available for trading
- All 53,64,000 shares are subject to lock-in requirements
- Shares must comply with preferential allotment regulations
Important Dates
- Allotment Dates: Multiple tranches between October 9, 2025 and October 16, 2025
- October 9, 2025: 5,00,000 shares
- October 13, 2025: 8,00,000 shares
- October 14, 2025: 1,00,000 shares
- October 15, 2025: 11,42,000 shares
- October 16, 2025: 28,22,000 shares
- Trading Start Date: February 6, 2026
- Lock-in Expiry: August 31, 2026 (for all 53,64,000 shares)
Impact Assessment
Market Impact: Low. The listing represents approximately 10-15% dilution depending on existing share capital, but shares are issued to non-promoters with a lock-in period until August 31, 2026, limiting immediate trading supply. The issue price of Rs. 16/- provides a reference point for valuation.
Operational Impact: Minimal. Standard listing procedure with clear distribution numbers and lock-in details provided. Trading members can facilitate transactions from February 6, 2026.
Shareholder Impact: Existing shareholders face dilution from the preferential allotment, but the lock-in period provides stability. Non-promoter allottees cannot sell until lock-in expiry, reducing short-term selling pressure.
Impact Justification
Routine listing of preferential allotment shares from warrant conversion with lock-in period. Limited impact as shares issued to non-promoters represent dilution but trading starts from next day.