Orient Technologies Limited — Others, 15-05-2025: Monitoring Agency Report

Orient Technologies Limited has announced a monitoring agency report for its Rs. 120 Cr IPO, revealing a deviation of up to 10% in issue-related expenses due to GST payments not originally accounted for in the Prospectus. The IPO proceeds have been allocated with Rs. 16 Cr for general corporate purposes including working capital, Rs. 7.65 Cr for issue expenses, and Rs. 10.25 Cr for office premise acquisition, while capital expenditure spending is yet to begin. Approximately Rs. 86.10 Cr remains parked in fixed deposits and bank accounts, with full utilization expected by FY26.