Orient Technologies Limited — Results, 17-02-2025: Integrated Filing- Financial
17-02-2025 | 03:45 pm
17-02-2025 | 03:45 pm
Orient Technologies Limited has announced a board meeting outcome highlighting the approval of its unaudited financial results for the quarter ended December 31, 2024. The company also granted in-principle approval for acquiring a 60% stake in eProtect 360 Solutions Private Limited, emphasizing that the definitive agreement will be executed upon finalizing mutually agreeable terms. This acquisition aligns with the company's strategy to enhance its cybersecurity portfolio, with completion expected by March 31, 2025, at a cost of ₹2.25 crore. Investors may view this as a positive outlook given the expansion into a growing sector, though it may carry integration risks.
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