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The board proposed issuing 1.5 crore shares at ₹4.74 each, aggregating ₹7.11 crore, to convert a promoter-group loan, subject to shareholder approval; it also appointed three directors, including the MD’s sister. Context: continues the company’s recurring loan-conversion dilution.
Orchasp Approves ₹7.11 Crore Preferential Issue Against Promoter-Group Loan
Orchasp Ltd Board To Consider Preferential Equity Issues For Loan Settlement