The Committee of Independent Directors of Ortin Global Limited has determined that the offer price of ₹14.65 per equity share is fair and reasonable. The committee reviewed the Public Announcement dated February 10, 2026, the Detailed Public Statement dated February 17, 2026, the Draft Letter of Offer dated February 25, 2026, and the Letter of Offer dated May 26, 2026.

The open offer is made by Mr. Parveen Satija for the acquisition of up to 21,14,162 equity shares of face value of ₹10 each. This represents 26% of the fully paid-up equity share capital and voting capital of the target company. The offer is payable in cash and is made in terms of Regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Rarever Financial Advisors Private Limited is acting as the Manager to the Offer. The committee members, comprising Mr. Sarang Balbhimrao Patodekar, Mr. Ajay Vishwakarma, and Ms. Mounika Pammi, confirmed they are Independent and Non-Executive Directors with no other relationship with the target company or the acquirer. The committee also confirmed that the target company has not received any complaints from shareholders regarding the open offer process, valuation price, or other matters.

Offer Details

Ortin Global Limited narrowed its net loss to ₹74.04 lakh for the financial year ended March 31, 2026, compared to a loss of ₹84.64 lakh in the previous year. The company's board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026, in Hyderabad. The statutory auditors, M/s. Mathesh & Ramana, Chartered Accountants, issued an unmodified opinion on the results.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹0.93 lakh. Total income for the quarter stood at ₹30.78 lakh, while total expenses were ₹31.67 lakh. In the full fiscal year, total income decreased to ₹41.50 lakh from ₹38.35 lakh in the prior year. Other operating income contributed significantly at ₹31.45 lakh for the year, while net sales from operations were ₹10.05 lakh.

The company's basic and diluted earnings per share (EPS) for the year stood at -₹0.91, compared to -₹1.04 in the previous year.

Balance Sheet and Cash Flows

As of March 31, 2026, Ortin Global's total assets stood at ₹464.72 lakh, an increase from ₹378.09 lakh in the previous year. The company's equity and liabilities totaled ₹464.72 lakh, with borrowings of ₹100.50 lakh under non-current liabilities. Cash and cash equivalents improved to ₹60.59 lakh as of March 31, 2026, from ₹37.37 lakh a year earlier.

The net cash generated from operating activities was negative at ₹55.96 lakh for the year. However, the company saw a net increase in cash and cash equivalents of ₹23.22 lakh during the year, driven by financing activities which provided a net inflow of ₹75.28 lakh, primarily from borrowings.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS). The board also approved the Auditor's Report along with the declaration as per Regulation 33 of the SEBI (LODR) Regulations, 2015. The trading window closure, which was effective from April 1, 2026, will remain in place until 48 hours after the declaration of the audited financial results.