Orient Tradelink 's Board of Directors has approved a series of significant changes, including a company name change, appointment of new auditors, and a substantial preferential share issue. These decisions, made during a board meeting on September 6, 2025, are subject to shareholder approval at the upcoming 31st Annual General Meeting (AGM).

Name Change and Rebranding

The company plans to change its name from "Orient Tradelink Limited" to "Radiant Global Ventures Limited," subject to regulatory approvals. This rebranding initiative aims to reflect the company's evolving vision and enhance its market appeal.

New Auditor Appointments

The Board has proposed the appointment of M/s. NYS & Company as Statutory Auditors for a five-year term, starting from the conclusion of the 31st AGM. Additionally, M/s. Vaibhav Sharma & Associates have been recommended as Secretarial Auditors for a five-year period, pending shareholder approval.

Preferential Share Issue

A significant decision involves the issuance of 40,50,000 equity shares at Rs 22.00 per share (including a premium of Rs 12.00) through a preferential allotment to 19 investors. This move is expected to raise approximately Rs 89.10 crore for the company. Notable changes in shareholding include:

• Sanjay Sinha's stake increasing from 0.07% to 3.02%
• Prakash Ch Srivastava's holding rising from 1.23% to 1.97%

Management Changes

The Board has approved the reappointment of Aushim Khetarpal as Managing Director for five years, effective September 1, 2024. Additionally, Mahendra Prasad Sharma is set to be regularized as an Independent Director for a five-year term.

Financial Implications

The preferential issue is expected to significantly bolster the company's financial position, providing capital for potential expansion and operational improvements.

Upcoming AGM

These decisions will be presented for shareholder approval at the 31st AGM, scheduled for September 29, 2025. The meeting will be held virtually through video conferencing.

Orient Tradelink's shares are listed on the BSE. Investors and stakeholders will be keenly watching the outcomes of these proposed changes and their impact on the company's future direction.

Orient Tradelink Limited, a company listed on the Indian stock exchanges, has reported a significant increase in its annual net profit for the financial year ended March 31, 2023. The company's board approved the standalone audited financial results, revealing a 48% rise in net profit compared to the previous year.

Financial Highlights

Despite a marginal decline in revenue from operations, Orient Tradelink managed to significantly improve its profitability. The company's net profit for the year ended March 31, 2023, stood at ₹86.76 lakhs, representing a 48% increase from the previous year's figure of ₹58.63 lakhs.

The fourth quarter of FY2023 also saw improved performance, with net profit rising to ₹30.79 lakhs compared to ₹19.79 lakhs in the same period last year.

Capital Structure

Orient Tradelink's paid-up equity share capital increased to ₹11.77 crores from ₹10.97 crores, indicating a potential issuance of new shares during the financial year.

Compliance Issues

The auditors of Orient Tradelink highlighted several compliance-related concerns in their report:

1. Delayed GST return filings
2. Non-compliance with TDS (Tax Deducted at Source) laws
3. Failure to generate invoices through the mandatory e-invoicing portal

These compliance issues raise questions about the company's adherence to regulatory requirements and may require attention from management to ensure better compliance in the future.

Conclusion

While Orient Tradelink Limited has shown impressive growth in profitability for FY2023, the company faces challenges in terms of regulatory compliance. Investors and stakeholders may want to monitor how the company addresses these issues moving forward, as they could have implications for future operations and financial performance.