Orchasp Ltd Clarifies Preferential Issue Allottee Status

Orchasp Ltd has issued a clarification regarding an inadvertent drafting error in Point 7 of the Explanatory Statement to Agenda 6 of its Annual General Meeting notice held on September 30, 2026. The error pertained to the proposed preferential issue of equity shares. The company clarified that the sentence "The Equity Shares are being offered to the proposed allottee, who belongs to the category of Promoters & Promoter Group of the Company." should have read "The Equity Shares are being offered to the proposed allottee, who is going to belong to the category of Promoters & Promoter Group of the Company." This correction aims to accurately reflect the status of the proposed allottee, as Point 14 of the Explanatory Statement correctly discloses the allottee's existing status as a non-promoter with nil shareholding. The resolution for the preferential issue was passed by shareholders with 99.99% approval. This clarification was prompted by an observation from the National Stock Exchange of India Limited.