Orient Tradelink Limited has released its Q3 FY26 financial results alongside official clarifications regarding compliance delays in fund utilization reporting. The company reported steady performance while addressing administrative issues related to its recent preferential allotment through formal communications to BSE Limited.

Financial Performance for Q3 FY26

The company's financial results for the quarter ended December 31, 2025, showed mixed performance compared to the previous year. Revenue from operations declined year-on-year while profitability remained stable.

For the nine-month period ended December 31, 2025, the company demonstrated improved performance with revenue from operations reaching ₹1,091.12 lakhs compared to ₹1,006.30 lakhs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹125.49 lakhs against ₹156.71 lakhs in the previous year.

Preferential Allotment and Fund Utilization

During Q3 FY26, Orient Tradelink completed a preferential allotment of 1,67,69,000 equity shares, raising ₹26.83 crores. The company converted fully paid share warrants into equity shares of face value ₹10.00 each at a premium of ₹6.00 each.

The company confirmed complete utilization of the raised funds with no deviation from the stated objectives in the offer document.

Official Compliance Clarification

Through a formal clarification letter dated March 23, 2026, Orient Tradelink addressed the administrative delay in submitting the Statement of Utilization/Deviation to BSE Limited. While the financial results were declared following the Board Meeting on February 18, 2026, the Statutory Auditor's Certificate regarding fund utilization was issued on March 20, 2026.

Managing Director and CFO Aushim Khetarpal stated that the delay was inadvertent and assured the exchange of timely filing of all applicable documents within prescribed timelines going forward. The company emphasized that there was no deviation in fund utilization from the objects stated in the offer document.

Auditor's Review and Earnings Analysis

NYS & Company, Chartered Accountants, conducted the statutory review and found no material misstatements in the financial results. The auditor confirmed that the results were prepared in accordance with Indian Accounting Standard 34 (Ind AS-34) and noted the preferential allotment of 167.69 lakh equity shares during the period.

The company has taken due note of the compliance delay and assured stakeholders of adherence to prescribed timelines for all future regulatory filings.

Orient Tradelink Limited has announced the resignation of Independent Director Mr. Mahendra Prasad Sharma from the company's board, effective February 12, 2026. The resignation was formally communicated through an email dated February 12, 2026, marking the end of his tenure as an independent director.

Resignation Details and Timeline

The company received the resignation letter from Mr. Mahendra Prasad Sharma (DIN: 02651989) citing personal reasons and prior occupancy as the primary factors behind his decision. The resignation process began with an initial communication on February 5, 2026, followed by formal confirmation on February 12, 2026.

Regulatory Compliance and Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Orient Tradelink Limited has made the necessary disclosures to BSE Limited. The company has confirmed that all regulatory requirements under Part A of Schedule III of the SEBI regulations have been fulfilled.

Mr. Sharma has provided written confirmation that there are no material reasons for his resignation other than the personal reasons and prior occupancy mentioned in his resignation communication. This confirmation is a mandatory requirement under SEBI regulations for independent director resignations.

Director's Background and Commitments

According to the disclosure, Mr. Mahendra Prasad Sharma does not hold any directorships or committee memberships in other listed entities. His resignation letter emphasized his gratitude to the board for the support and coordination provided during his association with the company.

The resigning director has requested the board to complete all due formalities, including filing necessary forms with the Ministry of Corporate Affairs portal. He has also indicated that if the company fails to file the required forms within the prescribed 30-day timeline, he reserves the right to file Form DIR-11 independently.

Company Response and Next Steps

The announcement was signed by Aushim Khetarpal, Managing Director and CFO (DIN: 00060319), on behalf of Orient Tradelink Limited. The company has committed to taking necessary steps for filing requisite forms with the Registrar of Companies and stock exchange in compliance with applicable provisions.

The resignation information has been made available on the company's website at www.orienttradelink.in , ensuring transparency and accessibility for stakeholders. The company operates under CIN: L65910GJ1994PLC022833 and trades on BSE with scrip code 531512 under the symbol ORIENTTRR.