Orient Technologies Limited — Others, 15-05-2025: Statement of deviation(s) or variation(s) under Reg. 32
15-05-2025 | 09:35 pm
15-05-2025 | 09:35 pm
Orient Technologies has announced a board meeting to discuss the financial results for the quarter and half-year. The company reported a slight deviation in IPO proceeds utilization, with an excess payment of Rs. 0.04 crore on issue expenses due to GST inclusion, which was not initially planned. The Audit Committee has advised adjusting the reimbursement of these expenses, and the Board is working on executing this. Usage of funds for office acquisition and corporate purposes remains generally on track, maintaining the company’s operational plans.
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