Orient Technologies Limited has informed the Exchange regarding Appointment of Ms. Renuka Patel as Company Secretary & Compliance Officer of the company w.e.f. February 13, 2026.
ORIENTTECH · price
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Orient Technologies' board approved its Q3 FY26 (Dec 31, 2025) financial results. Standalone revenue fell to Rs 19,823 lakhs from Rs 27,280 lakhs in the previous quarter, and the company swung to a standalone loss of Rs 1,496 lakhs (vs Rs 1,417 lakhs profit in Q2), hit by a Rs 1,923.53 lakh exceptional charge covering new Labour Code provisions and a Rs 551 lakh write-off after losing a major cloud-based customer. On a consolidated basis, the nine-month profit dropped sharply to Rs 956 lakhs from Rs 3,700 lakhs a year earlier. The board also accepted the resignation of CEO Shrihari Kishor Bhat, effective April 29, 2026 (he had been CEO since January 2025), approved a postal ballot to extend IPO proceeds utilization deadline to March 31, 2027, and appointed Ms. Renuka Patel as Interim Company Secretary & Compliance Officer with immediate effect. The company also recently acquired stakes in three firms (Red Hut Innovation, AIT Internet, Athena IT & Telecom) and issued bonus shares in a 1:10 ratio.
Investors may react negatively to the weak Q3 performance and the unexpected loss driven by one-time exceptional items, while the planned CEO transition adds near-term leadership uncertainty. However, the CEO exit is orderly with a 90-day handover, and the postal ballot is a procedural extension of IPO spending timelines rather than a change in strategy.