Orient technologies Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, to the Bombay Stock Exchange and National Stock Exchange on February 13, 2026. The report, prepared by CARE Ratings Limited as the monitoring agency, provides a comprehensive overview of the utilization of IPO proceeds raised by the company.

IPO Proceeds Utilization Status

The company's Rs. 120.00 crore Initial Public Offer was conducted from August 21, 2024, to August 23, 2024. The monitoring report reveals the current status of fund deployment across various objectives:

During the quarter ended December 31, 2025, the company utilized Rs. 10.59 crore, bringing the total utilization to Rs. 54.42 crore since the IPO.

Implementation Delays and Regulatory Approvals

The monitoring agency reported significant delays in the implementation of certain objects compared to the original timeline mentioned in the prospectus. The company was initially required to utilize funds by the end of FY25, but obtained shareholder approval through a Special Resolution dated March 30, 2025, extending the timeline to March 31, 2026.

Deployment of Unutilized Funds

The company has deployed the unutilized proceeds of Rs. 65.58 crore in various financial instruments to generate returns:

The monitoring account balance includes Rs. 1.14 crore in interest income from fixed deposits.

Quarterly Utilization Details

During the quarter, Rs. 9.66 crore was utilized for capital expenditure requirements, primarily for interior works at the Mahape office and purchasing computers, electronic hardware, and peripherals. The company made payments to both vendors mentioned in the prospectus and new vendors approved through the special resolution.

For general corporate purposes, Rs. 0.93 crore was utilized during the quarter, specifically for meeting working capital requirements through vendor payments. This utilization was completed through reimbursements to the company's cash credit account.

Monitoring Agency Assessment

CARE Ratings Limited, serving as the monitoring agency, reported no major deviations from previous reports and confirmed that the utilization aligns with the offer document objectives. However, the agency noted that delays in fund utilization and changes in vendor specifications may impact the viability of certain objects. The company has obtained necessary approvals for vendor changes and equipment specification modifications to align with current customer requirements.

The report confirms that 77% of the capital expenditure allocation remains to be utilized by the revised deadline of March 31, 2026, representing a significant implementation challenge for the company in the upcoming quarter.

Orient Technologies Ltd. marks the final trading session for investors to purchase shares and qualify for its bonus issue ahead of the record date on Monday, January 6. The IT company's bonus announcement presents the last opportunity for new investors to participate in the share distribution.

Bonus Issue Details

The company has structured its bonus offering with specific parameters for eligible shareholders:

Only investors who hold Orient Technologies shares in their demat account as of the record date will be eligible for the bonus allotment. The bonus shares will rank pari passu with existing fully paid-up equity shares and will be credited in dematerialized form to eligible shareholders.

Settlement Cycle Requirements

Under India's T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to qualify for the bonus issue. This timing requirement means that purchases made on the record date itself will not reflect in the demat account in time for eligibility.

The settlement cycle creates a critical deadline for investors seeking to participate in the bonus distribution, making the current trading session the final opportunity to acquire qualifying shares.

Strategic Objectives

The company has outlined specific goals for implementing this bonus issue. Orient Technologies stated that the bonus issue is intended to increase equity liquidity and broaden shareholder participation in the company's ownership structure.

A bonus issue represents the distribution of free shares to eligible shareholders, with the share price adjusting in the ratio of the bonus allotment at the ex-date. However, this adjustment does not affect the overall value of existing holdings, as the total market capitalization remains unchanged while the number of shares increases proportionally.