Nature of the Disclosure
This is a mandatory disclosure filed by Orient Technologies Limited with the BSE and NSE pursuant to Regulation 32(1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure confirms the status of the utilization of proceeds from the company's Initial Public Offer (IPO) for the quarter ended March 31, 2026.
Key Quantitative Figures
- Total Amount Raised via IPO: ₹214.76 crore.
- Breakdown of Issue Size: Comprises a fresh issue/gross proceeds of ₹120.00 crore (net proceeds of ₹107.93 crore) and an offer for sale of ₹94.76 crore.
- Total Funds Utilized: ₹76.27 crore.
Breakdown of Fund Utilization Against Original Objects:
| Object | Original Allocation (₹ Crore) | Funds Utilized (₹ Crore) | Deviation/Variation |
| Acquisition of office premise at Navi Mumbai | 10.35 | 10.35 | None |
| Funding of capital expenditure requirements | 79.65 | 40.21 | None |
| General corporate purposes | 17.93 | 17.93 | None |
| Issue expenses | 12.07 | 7.76 | None |
Parties Involved
- Monitoring Agency: CARE Rating Limited.
- Regulatory Recipients: Bombay Stock Exchange (BSE) (Scrip Code: 544235) and National Stock Exchange (NSE) (Symbol: ORIENTTECH).
Financial Impact
- The company confirms there is no deviation or variation in the use of IPO funds raised.
- All responses to questions regarding deviation, shareholder approval, explanation, audit committee comments, and auditor comments are marked as 'No' or 'NA' (Not Applicable), confirming no material deviation.
- The financial impact of the fund utilization is as disclosed in the table; no further financial impact is quantified for deviation as none exists.
Capital Structure Impact
No impact on capital structure is disclosed, as this is a report on the utilization of already raised capital.
Forward-Looking Guidance
No forward-looking guidance or management commentary is provided in this disclosure.