Orient Technologies Limited — Important, 11-11-2024: General Updates

The Board of Directors of Orient Technologies Limited has approved the unaudited financial results for the quarter and half-year ended September 30, 2024. The company reported a strong performance, key metrics indicate growth and improvements in operational efficiency.

Additionally, Mr. Shrihari Bhat has been appointed as the new Chief Executive Officer (CEO), effective January 1, 2025. Mr. Bhat brings over 30 years of experience in financial services and technology outsourcing, having held significant leadership positions at major organizations such as FIS and NCR. His extensive background in P&L management, sales, and technology solutions positions him well to drive future growth.

The company has declared an interim dividend of Rs. 1.80 per equity share, reflecting its commitment to returning value to shareholders. This dividend will be distributed within 30 days of declaration. Overall, the outlook appears positive, with strategic leadership and financial performance signaling potential growth for investors.