Due to an inadvertent administrative delay, the Statement of Utilization/Deviation could not be placed before the Board or submitted to the Exchange simultaneously with the financial results. We ....
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Orient Tradelink has written to BSE explaining an administrative delay in submitting the Statement of Utilization/Deviation of funds for the quarter ended December 2025. The company raised ₹26.83 crore through a preferential allotment of 1.67 crore equity shares (face value ₹10, premium ₹6) between October 14 and December 31, 2025. While Board results were approved on February 18, 2026, the auditor's certificate on fund utilization was issued only on March 20, 2026, delaying the deviation filing. The company confirms there has been no deviation — full ₹26.83 crore was utilized for stated objects: ₹18.51 crore for working capital, ₹0.57 crore for business expansion, and ₹7.75 crore for inter-corporate deposits. Q3 FY26 standalone PAT was ₹39.07 lakhs (vs ₹37.31 lakhs YoY) on revenue of ₹412.51 lakhs.
This is a procedural compliance clarification, not a negative event — funds were used exactly as promised with zero deviation. The only concern is a minor governance/compliance lapse (late filing), which the company has acknowledged and pledged to avoid going forward. No material impact on shareholders or stock price is expected.