Orient Tradelink Limited has disclosed a regulatory non-compliance to the Bombay Stock Exchange, highlighting an inadvertent omission in disclosure requirements under SEBI regulations. The company identified this issue during an internal review and regulatory correspondence, prompting immediate disclosure in the interest of transparency.

Nature of Non-Compliance

The company reported non-compliance with Regulation 163(1)(j) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This regulation mandates specific disclosure requirements for preferential issues, particularly regarding the status classification of allottees.

Disclosure Requirements and Clarification

Regulation 163(1)(j) requires companies to disclose the current and proposed status of allottees post preferential issue, specifically whether such allottees are classified as promoter or non-promoter. Orient Tradelink clarified that there has been no change in the status of the proposed allottees post the preferential issue.

The company emphasized that the explicit disclosure of the current and proposed status of allottees was inadvertently not included in the outcome or disclosure previously made. This omission was identified during subsequent internal review processes.

Impact Assessment and Company Response

Orient Tradelink characterized the non-compliance as unintentional and procedural in nature. The company specifically stated that the omission did not have any material impact on shareholders or the securities of the company.

Regulatory Communication

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Aushim Khetarpal signed the communication to the stock exchange, emphasizing the company's commitment to transparency and regulatory compliance.

The company's proactive disclosure demonstrates its adherence to regulatory requirements despite the inadvertent omission. This voluntary disclosure reflects the company's commitment to maintaining transparency with stakeholders and regulatory authorities.

Orient Tradelink Limited has provided an explanation for the delay in submitting its financial results for the quarter ended September 30, 2025. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on December 5, 2025.

Reasons for Delay

The company cited several factors that contributed to the postponement of its Board Meeting and the subsequent delay in submitting the Q2 FY26 financial results:

1. Initial Postponements: The Board Meeting, originally scheduled for November 14, 2025, was adjourned twice - first to November 19, and then to November 21, 2025.

2. Financial Discrepancies: The company identified mismatches in some financial figures, necessitating additional review time.

3. Auditor Review: The statutory auditors required more time to review and reconcile the differences in the financial data.

Timeline of Events

Company's Statement

Orient Tradelink Limited emphasized that the delay was unintentional and not a result of any deliberate or willful lapse. The company acknowledged an inadvertent delay in disclosing the detailed reasons for the late submission to the Stock Exchange but reaffirmed its commitment to full regulatory compliance.

Regulatory Implications

The company's explanation comes in response to a BSE email dated December 4, 2025, regarding non-disclosure of reasons for the delay in submitting financial results as per Regulation 33 of SEBI (LODR) Regulations, 2015.

Timely submission of financial results is a crucial aspect of corporate governance and regulatory compliance. Investors and regulatory bodies closely monitor such delays as they can impact market transparency and investor decision-making.

Orient Tradelink Limited's proactive disclosure of the reasons for the delay demonstrates its efforts to maintain transparency with its stakeholders.