Orchasp Limited announced the outcome of its Board Meeting held on December 18, 2025. The meeting, which commenced at 11:00 am and concluded at 01:00 pm, saw the approval of the issuance and allotment of 2,68,75,000 equity shares. These shares, each with a face value of ₹2, will be issued on a preferential allotment basis to Mrs. P. Rajeswari, the legal heir of the late Mr. P.C. Pantulu, former chairman & CEO of the company. This allotment is towards the conversion of his outstanding loan amounts, with an issue price set at ₹3.20 per share. Furthermore, the Board has authorized Mr. P. Chandra Sekhar, the Managing Director & CFO, to undertake all necessary actions for this issuance. This includes making applications to regulatory bodies such as BSE, NSE, ROC, CDSL, and NSDL, and obtaining requisite permissions for the issuance, allotment, listing, and trading of these shares. Mr. Sekhar is empowered to complete all compliances under SEBI (ICDR) and SEBI (LODR) regulations.