Summary of Key Information:

Nature of Transaction / Event:

Clarification regarding an inadvertent drafting error in the Explanatory Statement to the Notice of the Annual General Meeting (AGM) held on September 30, 2026. The error was in connection with the proposed preferential issue of equity shares and the classification of the proposed allottee.

Date of Transaction:

The AGM where the resolution was passed was held on 30/09/2026.

The clarification intimation is dated October 19, 2026.

A prior corrigendum was issued on 26/09/2026.

Other Noteworthy Information:

Specific Error Clarified:

  • Point No. 7 of the Explanatory Statement (Agenda 6) erroneously stated: 'The Equity Shares are being offered to the proposed allottee, who belongs to the category of Promoters & Promoter Group of the Company.'
  • The correct reading should be: 'The Equity Shares are being offered to the proposed allottee, who is going to belong to the category of Promoters & Promoter Group of the Company.'

Correct Disclosure:

  • Point No. 14 of the same Explanatory Statement correctly discloses the existing status of the proposed allottee as a non-promoter with nil shareholding in the Company.

Shareholder Approval:

  • The resolution for the proposed preferential issue was passed at the AGM with 99.99% of the votes cast in favour.

Prior Communication:

  • The Company had previously published a corrigendum in newspapers on September 26, 2026.
  • The corrections were communicated to shareholders on September 26, 2026, before the commencement of e-voting.
  • This was intimated to the stock exchanges on September 26, 2026.
  • The error in Point No. 7 was inadvertently omitted from that prior corrigendum.

Trigger for Current Intimation:

  • The clarification was issued pursuant to an observation raised by the National Stock Exchange of India Limited (NSE) in connection with the in-principle approval sought for the proposed preferential issue.

Company Assurance:

  • Except for the above clarification, there is no change to the other terms and conditions of the proposed preferential issue or the resolution passed by the shareholders.

Stock Exchange Listings:

  • NSE Scrip Code: ORCHASP
  • BSE Scrip Code: 532271