Orient Technologies Approves 1:10 Bonus Share Issue Via Postal Ballot
Orient Technologies Limited announced the successful approval of its proposed bonus share issue through a postal ballot. The resolution, passed with an overwhelming majority, authorizes the issuance o...
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Why is Orient Technologies Limited in the news today?
Orient Technologies Limited (ORIENTTECH) is in the news due to the bonus share issue was overwhelmingly approved by shareholders, indicating positive sentiment and confidence in the company's capital allocation strategy.
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Orient Technologies Approves 1:10 Bonus Share Issue Via Postal Ballot
December 19, 2025, 06:42 AM
Orient Technologies Limited announced the successful approval of its proposed bonus share issue through a postal ballot. The resolution, passed with an overwhelming majority, authorizes the issuance of 1 equity share for every 10 equity shares held by the company's members.
The bonus share issuance will be funded by capitalizing ₹4.16 crore from the Securities Premium Account, as per the audited financial statements for the period ended March 31, 2025. Each bonus share will have a face value of ₹10 and will rank pari-passu with existing equity shares. The voting results, along with the scrutinizer's report dated December 19, 2025, have been made available on the company's website.
The postal ballot process, which included remote e-voting, concluded on December 18, 2025. The resolution was passed with 99.999% of the valid votes in favor, with only 0.001% voting against it. The company has submitted the details of the voting results and the scrutinizer's report to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) as per SEBI regulations.
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