Mumbai: Orient Technologies Ltd on Monday said its shareholders have approved a bonus issue of equity shares in the ratio of 1:10, underscoring the company’s confidence in its financial position and long-term growth outlook. The approval was received through a postal ballot, the company said in a regulatory filing.
The bonus issue will be implemented by capitalising ₹4.16 crore from the company’s securities premium account, in compliance with the Companies Act, 2013 and SEBI regulations. The bonus shares will rank pari passu with existing equity shares and will be credited in dematerialised form to eligible shareholders. The record date for the issue will be announced separately.
Orient Technologies said it has received in-principle approvals from the stock exchanges for the proposed bonus issue. The company added that the capital action reflects its disciplined capital management, consistent operating performance and a strong balance sheet, while continuing to invest in high-growth areas such as cloud services, cybersecurity, managed services and digital transformation.
Commenting on the development, chairman and managing director Ajay Sawant said the bonus issue is an endorsement of shareholder confidence in the company’s fundamentals and governance standards. “Our focus remains on building a scalable, resilient and differentiated technology services platform that delivers sustainable value over the long term,” he said.
The company, which has over three decades of experience in IT infrastructure and digital services, said the bonus issue is also expected to improve equity liquidity and support broader retail participation, as it positions itself for the next phase of growth in India’s expanding digital economy.