Orient Technologies Limited — Board Meeting, 27-02-2025: Outcome of Board Meeting

The Board of Orient Technologies Limited approved key changes during its meeting. Mr. Sunil Kumar Arora will retire as Chief Financial Officer effective March 31, 2025, with Mr. Gourav Modi stepping in from April 1, 2025. Additionally, the Board has proposed variations in utilizing proceeds from the Public Issue as outlined in the prospectus. This includes a delay in the acquisition of equipment for the Navi Mumbai property and adjustments in vendor selection and specifications for the service offerings, pushing timelines to Fiscal 2026. A Postal Ballot Notice will seek member approvals for these changes.