Orient Technologies IPO: Monitoring Agency Report for Q2 FY27

Orient Technologies Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning its Initial Public Offer (IPO) of ₹120 crore. The report, prepared by CARE Ratings Limited, indicates a deviation in issue expenses due to payments including GST, which were to be excluded as per the prospectus. The range of deviation is up to 10%. There were also delays in utilizing proceeds for capital expenditure and general corporate purposes, with revised timelines approved by shareholders through special resolutions extending utilization to FY27. As of September 30, 2026, approximately 61% of funds have been utilized for capital expenditure.