Orient Technologies Shareholders Approve Extension of IPO Proceeds Utilization Timeline to March 2027

Orient Technologies has successfully secured shareholder approval for extending the timeline to utilize proceeds from its public issue. The company announced the results of its postal ballot on March 27, 2026, revealing overwhelming support from shareholders for the proposed extension.

Postal Ballot Results

The special resolution to extend the IPO proceeds utilization timeline received exceptional shareholder support through the electronic voting process. The resolution allows the company to extend the timeline for utilizing proceeds from its public issue, as originally disclosed in the company's prospectus dated August 26, 2024, up to March 31, 2027.

Voting Details: Results Total Votes Cast: 33,699,634 Votes in Favor: 33,698,176 (99.996%) Votes Against: 1,458 (0.004%) Members Supporting: 227 Members Opposing: 10

Voting Process and Participation

The postal ballot was conducted entirely through electronic means, with the voting period spanning from February 25, 2026 at 9:00 AM IST to March 26, 2026 at 5:00 PM IST. The company had 95,715 total shareholders on the record date of February 20, 2026.

Shareholder Category: Participation Details Total Shares Outstanding: 45,805,916 Promoter Group Shares: 33,547,260 Promoter Group Votes: 33,541,706 (99.9834% participation) Public Non-Institution Shares: 12,255,792 Public Votes Cast: 157,928 (1.2886% participation) Overall Voting Percentage: 73.5705%

Regulatory Compliance and Oversight

The postal ballot process was conducted in compliance with Section 110 read with Section 108 of the Companies Act, 2013, and SEBI Listing Regulations. Alwyn D'Souza of Alwyn D'Souza & Co., Company Secretaries, served as the scrutinizer for the voting process.

The company published advertisements in The Free Press Journal, Financial Express, and Nav Shakti on February 25, 2026, informing shareholders about the dispatch of postal ballot notices. National Securities Depository Limited (NSDL) provided the remote e-voting facility for the process.

Corporate Communication

Chairman and Managing Director Ajay Baliram Sawant signed the disclosure documents, confirming the successful completion of the postal ballot process. The voting results and scrutinizer's report have been made available on the company's website at www.orientindia.in for shareholder reference.

The company has submitted the voting results to BSE Limited and National Stock Exchange of India Limited as per Regulation 30 and 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Orient Technologies Limited has filed a comprehensive disclosure under SEBI's substantial acquisition regulations following a significant share transfer transaction completed on March 12, 2026. The company submitted the formal disclosure to BSE and NSE on March 16, 2026, detailing the off-market transfer of shares from four key shareholders to the company's CEO.

Transaction Overview

The share transfer involved four sellers disposing of their holdings to Mr. Shrihari Kishor Bhat, who serves as the CEO of Orient Technologies Limited. Each seller transferred an identical number of shares in the coordinated transaction.

Seller Name: Shares Sold Percentage Sold Ajay Baliram Sawant: 2,95,860 0.65% Jayesh Manharlal Shah: 2,95,860 0.65% Ujwal Arvind Mhatre: 2,95,860 0.65% Umesh Navnitlal Shah: 2,95,860 0.65% Total Transaction: 11,83,440 2.60%

Shareholding Pattern Changes

The transaction resulted in a reduction of the collective shareholding of the four sellers. The SEBI disclosure reveals the precise shareholding changes before and after the transaction.

Shareholding Status: Before Transaction After Transaction Combined Holdings: 3,34,40,220 shares (73.00%) 3,22,56,780 shares (70.40%) Ajay Baliram Sawant: 83,60,000 shares (18.25%) 80,64,140 shares (17.60%) Jayesh Manharlal Shah: 83,59,890 shares (18.25%) 80,64,030 shares (17.60%) Ujwal Arvind Mhatre: 83,60,440 shares (18.25%) 80,64,580 shares (17.60%) Umesh Navnitlal Shah: 83,59,890 shares (18.25%) 80,64,030 shares (17.60%)

Company Structure and Compliance

Orient Technologies Limited's equity structure remained unchanged following the transaction. The disclosure confirms the company's current capital structure and regulatory compliance status.

Parameter: Details Total Equity Capital: Rs. 45,80,59,160 Number of Shares: 4,58,05,916 equity shares Face Value: Rs. 10 per share Transaction Mode: Off-market transfer Buyer Category: Non-promoter (CEO)

Regulatory Filing Details

The disclosure was filed pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal documentation was submitted to both BSE Limited and the National Stock Exchange of India Limited, with copies provided to the company's interim Company Secretary and Compliance Officer, Ms. Renuka Patel. All four sellers signed the disclosure document on March 16, 2026, which was authenticated with the company seal and filed from Mumbai. The complete SEBI disclosure document includes detailed shareholding patterns, transaction specifics, and confirms that the acquirer does not belong to the promoter group.

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