Meanwhile, Orchid Chemicals & Pharmaceuticals told BSE that its three promoters have pledged 8.68 per cent stake in the company.
K Raghavendra Rao has pledged 46.74 lakh shares representing 6.64 per cent stake, Orchid Health Care has pledged 14.14 lakh shares representing 2.01 per cent stake and R Vijayalakshmi has pledged 0.24 per cent representing 1.70 lakh shares, Orchis Chemicals said in a filing.