Olatech Solutions Revises Board Meeting Outcome, Corrects Share Allotment Details

1 min read     Updated on 08 Dec 2025, 09:29 PM
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Overview

Olatech Solutions issued a corrected disclosure for its Board Meeting held on December 08, 2025, addressing typographical errors in the original submission. The revision reduces the preferential share allotment to 5,82,453 equity shares and removes Codebrew Innovations Private Limited from the transaction, limiting allottees to CodeBrew W.L.L. and CodeBrew Labs FZCO.

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Olatech Solutions has issued a revised disclosure regarding its Board Meeting held on December 08, 2025, correcting earlier typographical errors in the preferential share allotment details. The company submitted the revision on December 16, 2025, to rectify computational errors in the original disclosure.

Corrected Board Meeting Decisions

The Board of Directors has reaffirmed key corporate actions with revised details:

Corporate Action Revised Details
Authorized Share Capital Increase From ₹6.00 crores to ₹7.00 crores
Additional Equity Shares Created 10,00,000 shares of ₹10 face value each
Preferential Share Allotment Up to 5,82,453 equity shares (revised from earlier)
Issue Price ₹451 per share (including ₹441 premium)
Number of Investors 2 entities

Key Corrections Made

The revision addresses two significant errors in the original disclosure:

  1. Typographical Error: The number of equity shares proposed to be issued was incorrectly computed in the earlier submission
  2. Entity Exclusion: Codebrew Innovations Private Limited was incorrectly referenced in the original disclosure and is not a party to the proposed preferential issue or share swap transaction

Revised Allottee Details

The corrected preferential allotment is now limited to specific CodeBrew group entities:

Entity Shares to be Swapped Olatech Shares to be Issued Status
CodeBrew W.L.L. 4,76,041 4,76,041 Non-Promoter
CodeBrew Labs FZCO 1,06,412 1,06,412 Non-Promoter
Total 5,82,453 5,82,453 -

Transaction Structure

The preferential issue is structured as consideration other than cash, specifically for the purpose of discharging the purchase of stake in the mentioned entities. The issue price of ₹451 per share has been determined in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Regulatory Compliance

The company has maintained its earlier appointments and procedures:

  • Scrutinizer: M/s. Nikunj Kanabar Associates, Practicing Company Secretaries
  • EGM Requirement: Extra-Ordinary General Meeting to seek shareholder approval
  • Compliance: Full adherence to Regulation 30 of SEBI Listing Regulations

The revision demonstrates Olatech Solutions' commitment to accurate disclosure and regulatory compliance, ensuring shareholders receive precise information about the company's corporate actions.

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Olatech Solutions Reports Robust Profit Growth in Half-Year Results

1 min read     Updated on 15 Nov 2025, 10:08 AM
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Reviewed by
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Overview

Olatech Solutions Limited announced strong financial results for the half-year ended September 30, 2025. The company's consolidated profit before tax surged to ₹328.22 lakhs, up from ₹125.30 lakhs in the previous year. Total income rose by 71.80% to ₹1,679.11 lakhs. Total assets increased to ₹4,719.97 lakhs, driven by growth in current assets. The Managing Director, Mr. Amit Kumar Singh, attributed the performance to strong demand for their technology solutions and effective execution.

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*this image is generated using AI for illustrative purposes only.

Olatech Solutions Limited , a technology solutions provider, has announced its unaudited financial results for the half-year ended September 30, 2025, showcasing significant profit growth and strong financial performance.

Financial Highlights

The company reported a consolidated profit before taxation of ₹328.22 lakhs for the half-year period, marking a substantial increase from ₹125.30 lakhs in the corresponding period of the previous year. On a standalone basis, the profit before taxation stood at ₹322.95 lakhs, also showing considerable growth from the previous year's figure.

Revenue and Operational Performance

Olatech Solutions demonstrated robust revenue growth, with total income rising to ₹1,679.11 lakhs on a consolidated basis, compared to ₹977.34 lakhs in the same period last year. This represents a year-on-year growth of approximately 71.80%.

Balance Sheet Strength

The company's balance sheet showed significant improvement, with total assets increasing to ₹4,719.97 lakhs as of September 30, 2025, up from ₹2,278.30 lakhs at the end of the previous financial year. This growth was primarily driven by increases in current assets, particularly in inventories and trade receivables.

Key Financial Metrics

Particulars (Consolidated) Half-Year Ended Sept 30, 2025 (₹ in Lakhs) Half-Year Ended Sept 30, 2024 (₹ in Lakhs)
Total Income 1,679.11 977.34
Profit Before Tax 328.22 125.30
Total Assets 4,719.97 2,278.30 (as of March 31, 2025)

Management Commentary

Mr. Amit Kumar Singh, Managing Director of Olatech Solutions Limited, stated, "We are pleased with our half-yearly performance, which reflects the strong demand for our technology solutions and our team's ability to execute effectively. The significant growth in profit and revenue underscores the success of our strategic initiatives and the value we continue to deliver to our clients."

Audit Review

The financial results were reviewed by the company's statutory auditors, M/s. Sachin & Associates, Chartered Accountants, who provided an unmodified opinion on the financial statements.

Future Outlook

While the company has shown impressive growth, it has not provided specific guidance for the future. The strong financial performance and balance sheet position suggest that Olatech Solutions is well-positioned in the technology solutions sector.

Investors and stakeholders are advised to consider these results in the context of overall market conditions and to refer to the detailed financial statements for a comprehensive understanding of the company's performance.

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