Orient Technologies has announced January 7, 2025, as the record date for its approved 1:10 bonus share issue. The IT infrastructure service provider's shares had earlier surged 14% to ₹376.55 following shareholder approval of the bonus proposal through postal ballot process.

Record Date and Eligibility Details

The company has formally communicated the record date to stock exchanges under Regulation 42 of SEBI Listing Regulations. Shareholders holding shares as on January 7, 2025, will be eligible to receive bonus shares in the approved 1:10 ratio.

Under the structure, eligible shareholders will receive one bonus share for every 10 shares held. The bonus shares will rank pari passu with existing fully paid-up equity shares and will be credited in dematerialised form to eligible shareholders.

Market Performance and Previous Rally

The stock had demonstrated exceptional market response to the initial bonus approval, with shares advancing significantly in trading sessions. The company's focus on increasing equity liquidity and broadening shareholder participation resonated well with investors.

The surge built upon previous gains, with the stock having gained 10% in earlier sessions following the initial bonus announcement. Long-term investors continue to benefit significantly from their investment since the IPO.

Shareholder Impact and Strategic Benefits

The bonus issue will particularly benefit Orient Technologies' substantial retail investor base, which represents a significant portion of the company's public shareholding. The company maintains strong retail participation with over 82,000 individual investors.

The bonus issue is intended to increase equity liquidity and broaden shareholder participation, potentially attracting more institutional interest. The company's appeal remains primarily among individual investors, with the bonus structure designed to reward long-term shareholders.

Company Operations and Business Focus

Orient Technologies specializes in IT infrastructure services, data center solutions, virtual storage, and enterprise servers. The company serves clients across multiple industry verticals, positioning itself within the growing digital transformation sector that caters to businesses requiring robust data management and storage capabilities.

Orient Technologies Limited , a leading IT Infrastructure and Digital Transformation service provider in India, has announced the launch of a state-of-the-art Service Delivery Centre (SDC) in Turbe, Navi Mumbai. This strategic move marks a significant milestone in the company's growth trajectory and underscores its commitment to delivering advanced IT services across various sectors.

Key Highlights of the New Service Delivery Centre

• Location: Turbe, Navi Mumbai
• Features:
  • 24/7 Network Operations Centre (NOC)
  • Security Operations Centre (SOC) with Securonix-powered capabilities
• Target Sectors: BFSI, Pharma, Manufacturing, ITES, Government, and large enterprises

Enhanced Capabilities and Services

The new facility is designed to provide round-the-clock monitoring and support, significantly enhancing Orient Technologies' ability to deliver uninterrupted IT services. The integration of Securonix-powered capabilities in the SOC represents a major leap forward in the company's threat detection and response capabilities.

Strategic Partnership with Securonix

Orient Technologies has forged a strategic alliance with Securonix, a recognized leader in the cybersecurity space. This partnership brings advanced threat detection, investigation, and response capabilities to Orient's service offerings, positioning the company at the forefront of cybersecurity solutions in India.

Impact on Business Operations

The establishment of this new Service Delivery Centre is expected to strengthen Orient Technologies' market position and expand its service capabilities. By offering advanced NOC and SOC services, the company aims to cater to the growing demand for robust IT infrastructure and cybersecurity solutions across various industries.

Financial Perspective

While the direct financial impact of this new centre is not immediately quantifiable, Orient Technologies' recent financial data shows a positive trend in its business growth:

The significant growth in assets and equity over the past year suggests that Orient Technologies is in a strong financial position to support this expansion and capitalize on new market opportunities.

Conclusion

The launch of the new Service Delivery Centre in Turbe represents a strategic move by Orient Technologies to enhance its service capabilities and market presence. With advanced NOC and SOC facilities, powered by cutting-edge technologies and strategic partnerships, the company is well-positioned to meet the evolving IT infrastructure and cybersecurity needs of its diverse client base across key sectors in India.

As the demand for robust IT services and cybersecurity solutions continues to grow, Orient Technologies' investment in this state-of-the-art facility could prove to be a significant driver of future growth and market leadership in the IT services sector.