Orient Technologies confirms no deviation in IPO fund utilization for Q3 FY26
Orient Technologies confirms no deviation in IPO fund utilization for Q3 FY26, as per SEBI Reg. 32(1) review by its Audit Committee and Board.
The announcement is a statutory compliance disclosure confirming no deviation in IPO fund utilization, which is a routine regulatory update and does not present new significant information affecting the company's operations or financial outlook.
The announcement confirms no material deviation in the utilization of IPO proceeds, which is a standard compliance outcome and indicates adherence to the original plan.
Orient Technologies Limited has submitted a disclosure under Regulation 32(1) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, regarding the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended September 30, 2025. * The initial communication stated a deviation or variation; however, the detailed statement explicitly confirmed no deviation or variation in the utilization of funds raised from the IPO. * The IPO, conducted on August 28, 2024, raised ₹214.76 crore. This included a fresh issue of ₹120.00 crore (net proceeds ₹107.93 crore) and an offer for sale of ₹94.76 crore. * The report for the quarter ended September 30, 2025, explicitly indicated 'No' for deviation/variation in the use of funds raised. * The Audit Committee reviewed this statement, and the Board took it on record at their respective meetings held on November 11, 2025. * The original allocations and funds utilized (in ₹ crore) from the fresh issue of ₹120.00 crore are detailed as follows, showing no deviation for the quarter: * Acquisition of office premise at Navi Mumbai: Original Allocation ₹10.35 crore, Utilized ₹10.35 crore. * Funding of capital expenditure requirements: Original Allocation ₹79.65 crore, Utilized ₹8.75 crore. * General corporate purposes: Original Allocation ₹17.93 crore, Utilized ₹17.00 crore. * Issue expenses: Original Allocation ₹12.07 crore, Utilized ₹7.73 crore. * Total: Original Allocation ₹120.00 crore, Total Utilized ₹43.83 crore. * Deviation is defined as changes in objects/purposes, variation in utilized amounts against disclosed, or changes in contract terms.
What to do with a filing like this
Orient Technologies Limited filed this with the NSE as a statutory disclosure, categorised under sebi compliance filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Orient Technologies Limited. Read the original for the full detail.