Orient Technologies Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI (SAST) Regulation, 2011 received from the promoters.'.
ORIENTTECH · price
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Four promoters of Orient Technologies — Ajay Baliram Sawant, Jayesh Manharlal Shah, Ujwal Arvind Mhatre, and Umesh Navnitlal Shah — each sold 2,95,860 shares (0.65% each) off-market to Mr. Shrihari Kishor Bhat, the company's CEO, on March 12, 2026. In total, 11,83,440 shares (2.60% of equity) were transferred, bringing the promoters' combined holding down from 73.00% to 70.40%. The buyer is not part of the promoter group. This is a non-promoter acquisition reported under SEBI's takeover regulations.
The sale is relatively small in scale and keeps promoter control firmly above 70%, so governance and control concerns are limited. For the stock, the impact is likely neutral — the transfer is to the CEO rather than a third party, which may be seen as a positive alignment-of-interest move rather than a promoter exit signal.