NSEStatement of deviation(s) or variation(s) under Reg. 326d ago · 12 Aug 2026, 07:39 pm
Statement of deviation(s) or variation(s) under Reg. 32
Orient Technologies Limited · ORIENTTECH
✦ AI SummaryFundraise
Orient Technologies Limited has informed the Exchange about a deviation or variation in the utilization of proceeds of the Initial Public Offer (IPO) during the quarter ended on June 30, 2026. The deviation is related to the objects for which funds have been raised and the amount of funds actually utilized.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Orient Technologies Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
Attachments (1)
📄pdf
Download →
Orient97_12082026193926_StatementofDeviation_Q1_FY27_SIGNED.pdf
View document text
Date: August 12, 2026
To, To,
The Manager The Manager
Listing Department Listing Department
Bombay Stock Exchange (BSE) National Stock Exchange (NSE)
Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor
Dalal Street Plot No. C/1, G-Block
Mumbai - 400 001 Bandra-Kurla Complex
Scrip Code: 544235 Bandra (E), Mumbai - 400 051
Symbol: ORIENTTECH
SUB: DISCLOSURE IN TERMS OF REGULATION 32(1) OF SEBI (LISTING
OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
Dear Sir/Madam,
Pursuant to Regulation 32(1) of the SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015, read with related SEBI Circular, we hereby confirm that there is a
deviation or variation in the utilization of proceeds of the Initial Public Offer (IPO) of the
Company during the quarter ended on June 30, 2026.
Please find enclosed herewith a statement in this regard.
Kindly take the same on your records.
For ORIENT TECHNOLOGIES LIMITED
(formerly known as Orient Technologies Private Limited)
Ajay Baliram Sawant
Chairman and Managing Director
DIN:00111001
Name of Listed Entity ORIENT TECHNOLOGIES LIMITED
Mode of Fund Raising Public Issue
Date of Fund Raising August 28, 2024
Amount Raised Rs. 214.76 crore
Issue size comprises of fresh issue / gross
proceeds of Rs 120.00 Crore (Net proceeds of
Rs 107.93 Crore) and an offer for sale of Rs.
94.76 Crore.
Report filed for Quarter ended June 30, 2026
Monitoring Agency Applicable
Monitoring Agency Name, if Applicable CARE Rating Limited
Is there a deviation / variation in use of funds No
raised
If yes, whether the same is pursuant to changes in Not Applicable as no material deviation
terms of a contract or objects, which was
approved by the shareholders
If Yes, Date of Shareholders Approval Not Applicable as no material deviation
Explanation for the Deviation/Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Deviation or variation could mean:
OBJECTS FOR WHICH FUNDS HAVE BEEN RAISED AND WHERE THERE HAS BEEN A DEVIATION, IN
THE FOLLOWING TABLE
Original Objects Modified Original Modified Funds Amount of Remarks if any
Objects, if Allocation Allocation utilized Deviation
any In Crore , If any In Crore /Variation for
the Quarter
according to
applicable
object
Acquisition of office NA 10.35 NA 10.35 - -
premise at Navi
Mumbai
Funding of capital NA 79.65 NA 45.05 - -
expenditure
requirements
General corporate NA 17.93 NA 17.93 - -
purposes
Issue expenses NA 12.07 NA 7.76 - -
Total 120.00 81.09 -
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or,
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed
(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus,
letter of offer, etc.