Orchasp Ltd Board Approves Director Appointments & Preferential Issue

Orchasp Ltd's Board of Directors met on August 31, 2026, approving key appointments and a preferential issue. The company appointed Mrs. Sirisha Pattapurathi as Non-Executive, Non-Independent Director, and Mr. Srinivasu Sunkara and Mr. Ravi Prasad Muthyam as Independent Directors. Additionally, the board approved the conversion of a loan from the Promoter Group into equity shares through a preferential issue of up to 1.5 crore shares at Rs. 4.74 each, aggregating up to Rs. 7.11 crore, subject to shareholder approval. The notice for the Annual General Meeting, scheduled for September 30, 2026, was also approved.