Orchasp Ltd Converts Dues to Equity, Issues 1.5 Cr Shares

Orchasp Ltd announced the conversion of outstanding dues into equity shares through a preferential issue. The company will issue 1,50,00,000 equity shares at an issue price of ₹4.74 per share, including a premium of ₹2.74 per share. This conversion is aimed at settling a loan due to Wahtulmsylh Limgawlat, categorized under the Promoter Group. The total value of this preferential issue is up to ₹7,11,00,000. The company also approved the appointment of three new directors: Mrs. Sirisha Pattapurathi as Non-Executive, Non-Independent Director, and Mr. Srinivasu Sunkara and Mr. Ravi Prasad Muthyam as Independent Directors. These appointments and the preferential issue are subject to shareholder approval at the upcoming Annual General Meeting scheduled for September 30, 2026.