Board Meeting Outcomes

The Board of Directors meeting held on June 5, 2026, from 5:30 PM to 6:30 PM at the Corporate Office (141-A Ground Floor, Shahpur Jat Village, New Delhi - 110049) approved:

1. Standalone Audited Financial Results along with Audit Report for the quarter and year ended March 31, 2026

2. Statement of utilization of issue proceeds and statement indicating deviation/variation in the use of proceeds of equity shares issue for the quarter ended March 31, 2026

Financial Results Overview

Reporting Period: April 1, 2025 to March 31, 2026 (Audited)

Previous Period: April 1, 2024 to March 31, 2025 (Audited)

Balance Sheet Position (as at March 31, 2026)

Total Assets: ₹783.453 lakhs (Previous: ₹364.485 lakhs)

  • Non-Current Assets: ₹282.555 lakhs (₹276.232 lakhs)
  • Property, Plant and Equipment: ₹2.50 lakhs (₹0.51 lakhs)
  • Other Intangible Assets: ₹74.876 lakhs (₹71.002 lakhs)
  • Intangible Assets under development: ₹205.179 lakhs (₹205.179 lakhs)
  • Current Assets: ₹500.898 lakhs (₹88.253 lakhs)
  • Inventories: ₹21.656 lakhs (₹36.325 lakhs)
  • Investments: ₹0.65 lakhs (₹0.635 lakhs)
  • Trade receivables: ₹193.721 lakhs (₹28.518 lakhs)
  • Cash and cash equivalents: ₹12.795 lakhs (₹0.227 lakhs)
  • Loans: ₹269.039 lakhs (₹21.823 lakhs)
  • Other current assets: ₹3.038 lakhs (₹0.724 lakhs)

Equity and Liabilities: ₹783.453 lakhs (₹364.485 lakhs)

  • Equity: ₹592.685 lakhs (₹134.461 lakhs)
  • Equity Share capital: ₹386.856 lakhs (₹122.65 lakhs)
  • Other Equity (Reserves & Surplus): ₹204.619 lakhs (₹11.811 lakhs)
  • Share Application Money: ₹1.21 lakhs (Nil)
  • Non-current liabilities: ₹94.191 lakhs (₹69.48 lakhs)
  • Borrowings: ₹82.663 lakhs (₹57.769 lakhs)
  • Deferred tax liabilities: ₹11.527 lakhs (₹11.71 lakhs)
  • Current liabilities: ₹96.578 lakhs (₹160.544 lakhs)
  • Trade Payables: ₹70.681 lakhs (₹145.112 lakhs)
  • Other current liabilities: ₹8.539 lakhs (₹1.795 lakhs)
  • Provisions: ₹12.858 lakhs (₹10.461 lakhs)
  • Current Tax Liabilities: ₹4.50 lakhs (₹3.175 lakhs)

Cash Flow Statement

Cash flows from operating activities: (₹445.240 lakhs) [Previous: (₹22.001 lakhs)]

Cash flows from investing activities: (₹15.747 lakhs) [Previous: (₹1.625 lakhs)]

Cash flows from financing activities: ₹469.555 lakhs [Previous: ₹24.751 lakhs]

  • Proceeds from issuing shares: ₹264.206 lakhs
  • Proceeds from borrowings: ₹24.894 lakhs
  • Proceeds from Security Premium Reserve: ₹1,792.485 lakhs
  • Share Application Money Received: ₹1.21 lakhs

Net increase in cash and cash equivalents: ₹12.568 lakhs [Previous: (₹0.872 lakhs)]

Cash and cash equivalents at end of period: ₹12.795 lakhs [Previous: ₹0.227 lakhs]

Fundraising Activities

During the year ended March 31, 2026, the Company raised aggregate funds of ₹443.451 lakhs through equity issuance:

  • ₹367.472 lakhs through allotment of 22,967,000 equity shares upon conversion of warrants at ₹16 per share (face value ₹10 and premium ₹6)
  • ₹75.979 lakhs through preferential allotment of 3,453,588 equity shares at ₹22 per share (face value ₹10 and premium ₹12)

Auditor's Emphasis of Matter

The auditors (NYS & Company Chartered Accountants) highlighted several key audit matters:

1. GST Compliance Issues: Delayed filing of GST returns, no provision for interest on delayed payments, non-reversal of inputs for non-payment to vendors within 180 days as per section 16(2) of CGST Act, non-compliance with Rule 36(4) of CGST Rules 2017, claiming excess ITC beyond GSTR 2A/2B available credit

2. TDS Non-compliance: Neither deposited deducted TDS nor filed returns, no provisions for late payment charges and interest

3. Management Certified Values: Inventory, debtors, creditors, and intangible asset valuation reported as certified by management

4. E-Invoicing Non-compliance: Company applicable for e-invoicing under CGST Act 2017 but not generating invoices through portal

5. Pending Litigations: Multiple pending litigations relating to Income Tax, GST, SEBI and other matters with no updated information provided to auditors

6. Share Application Money: Received ₹1.21 lakhs share application money not allotted within prescribed time and not refunded within 60 days limit

Utilization of Issue Proceeds

For preferential allotment raised in January 2026 (amount ₹7.60 lakhs):

  • Funds Utilized: ₹7.60 lakhs (100% utilization)
  • No deviation from stated purposes
  • Utilization breakdown:
  • ₹5.08 lakhs paid to Divinus Promoters Private Limited for Sai Dham Project
  • ₹1.67 lakhs paid to Radiant Sports Management Private Limited to purchase marketing rights of Para world cup cricket
  • ₹0.73 lakhs for business expansion
  • ₹0.12 lakhs unspecified purpose

Additional Information

  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS 34)
  • Previous period figures regrouped/rearranged/reclassified where necessary
  • Results available on company website: https://www.orienttradelink.in