Regulatory27 May 2026, 09:41 pm
Orient Tech: IPO Proceeds Deviation Update for March 2026
AI Summary
Orient Technologies Ltd reports on the utilization of IPO proceeds for the quarter ended March 31, 2026, as per Regulation 32(1) of SEBI guidelines. While the company confirms no deviation in the use of funds raised, the report details the original and modified objects, allocations, and utilization of funds from its public issue on August 28, 2024, where ₹214.76 crore was raised. The issue comprised a fresh issue of ₹120.00 Crore and an offer for sale of ₹94.76 Crore.
Key Highlights
- Orient Technologies confirms no deviation in IPO proceeds utilization for the quarter ended March 31, 2026.
- The IPO raised ₹214.76 crore via a fresh issue and offer for sale on August 28, 2024.
- Original IPO objects included acquisition of office premise, capital expenditure, and general corporate purposes.
- Monitoring agency CARE Ratings Limited is applicable for fund utilization.
- Audit committee and auditors have no specific comments on deviations as there were none.
Price Impact
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