Orchasp Ltd - Board Meeting Outcome for Allotment Of Equity Shares Consequent To Conversion Of 1 % Unsecured Fccbs
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| 11 Sep 2024 | |
| A meeting of the board was held today, the 11th September 2024 through VC/OAVM and the board thus considered and approved 1. The allotment of 15,61,20,873 ( Fifteen Crore Sixty One Lakh Twenty Thousand Eight Hundred and Seventy Three ) Equity Shares of Face value Rs.2/- each of the company to the Bond Holders , upon receipt of conversion notice from the bond holders for conversion of 67 Nos, 1% Unsecured Foreign Currency Convertible Bonds,(FCCBs) of US$ 100,000 each along with accrued interest (Converted at 1 US$=INR 83.4813) based on the terms laid out in the roll over term sheet dated 05th July 2023, at an issue price of Rs 3.85/- (Rupees Three and Paise Eighty Five Only) , calculated based on the pricing formulae as prescribed in the SEBI(ICDR) Regulations. | |
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