Orient Technologies Limited has informed the Exchange about Resignation of Director/KMP/SMP
ORIENTTECH · price
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Orient Technologies Limited held a board meeting on May 27, 2026, approving audited financial results for FY2026 and re-appointing M/s Santosh Ghag & Co. as internal auditors. The key disclosure is the resignation of Mr. Gourav Modi as Chief Financial Officer (KMP), effective from the close of business hours of June 25, 2026. The resignation cites personal reasons and better opportunities. Financial performance for FY2026 shows standalone revenue of Rs 86,493.19 lakhs versus Rs 83,953.06 lakhs in the previous year, but profit after tax dropped significantly to Rs 278.81 lakhs from Rs 5,043.65 lakhs in FY2025. The company recorded exceptional items of Rs 2,368.33 lakhs related to the loss of a major customer during the year.
The CFO resignation during a period of sharply declining profitability (down 94.5% YoY) may raise concerns about leadership stability and financial management continuity. The combination of executive departure and weak financial performance could create near-term uncertainty for investors.