Orchasp approves preferential issue
Orchasp (NSE: ORCHASP) said it has approved preferential issue. The company is valued at about ₹39.84 crore.
What happened
Orchasp (NSE: ORCHASP) informed the stock exchanges on 29 October 2026 at 03:13 PM that it has approved preferential issue.
From the filing: "Orchasp Limited has informed regarding Disclosure of material issue."
Company snapshot
Orchasp is a micro-cap company, with a market value of about ₹39.84 crore.
The stock last traded at ₹1.15, against a 52-week range of ₹1–₹3.79 (69.7% below the high).
Before this filing the shares had moved −14.8% over the month and −25.3% over three months. Average daily turnover over the last 20 sessions was about ₹0.03 crore.
Promoters held 18.48% at the end of Q1 FY27.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 8 | 0.5 | 0.02 |
| Q2 FY26 | 8 | 0.2 | 0.01 |
| Q3 FY26 | 4 | 0.2 | 0.01 |
| Q4 FY26 | 2 | 0 | 0 |
| Q1 FY27 | 2 | 0.3 | 0.01 |
What history shows
This is not the company's first fund raising disclosure: BCEIE has 3 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 2.2% on average the next trading day and was down 0.7% on average after five days (3 filings with price data).
Market-wide, 1,662 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 31 Aug 2026 | Fund raising | +2.2% | −0.7% |
| 31 Aug 2026 | Conversion of dues into equity shares under preferential issue. | +2.2% | −0.7% |
| 31 Aug 2026 | Fund raising | +2.2% | −0.7% |
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.