Disclosure in terms of Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for quarter ended March 31, 2026.
ORIENTTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orient Technologies Ltd has filed its quarterly utilization report for IPO proceeds raised on August 28, 2024. The company raised Rs. 214.76 crore through its public issue (fresh issue of Rs. 120 crore plus offer for sale of Rs. 94.76 crore). CARE Rating Limited is the monitoring agency. The filing confirms there is NO deviation or variation in the use of IPO funds. Of the Rs. 120 crore net proceeds, Rs. 76.27 crore has been utilized so far: Rs. 10.35 crore for Navi Mumbai office acquisition, Rs. 40.21 crore for capital expenditure, Rs. 17.93 crore for general corporate purposes, and Rs. 7.76 crore for issue expenses. The unutilized balance is expected to be deployed as per the original objects.
No negative implications for shareholders. The company has confirmed funds are being deployed as planned with no material deviation, which is a positive sign of disciplined capital deployment following the IPO.