Orient Technologies Limited (ORIENTTECH) — Voting Results

📢 Key Event
Special Resolution to extend public issue proceeds utilization deadline to March 31, 2027 passed with 99.996% shareholder approval.

🔄 What Changed
Public issue proceeds utilization timeline extended from original prospectus date (August 26, 2024) to March 31, 2027.

🔮 What's Next
Proceeds must be utilized by March 31, 2027.

💡 Investor Takeaway
The overwhelming approval signals strong confidence in management's capital allocation strategy and provides an additional year to deploy IPO proceeds into business priorities.

Orient Technologies Limited held a postal ballot on March 26, 2026, seeking shareholder approval for extending the timeline for utilizing public issue proceeds to March 31, 2027. The special resolution passed decisively with 99.996% votes in favor (3,36,98,176 votes) against 0.004% opposition (1,458 votes). Of 95,715 shareholders on record, 237 members participated in e-voting. The resolution achieved overwhelming support across promoter and public categories, indicating strong stakeholder alignment on the capital utilization timeline extension.

📄 View Original Announcement (PDF)

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