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Orient Technologies Gains After Shareholders Clear 1:10 Bonus Issue

The smallcap IT firm will allot one share for every ten held by capitalising Rs 4.16 crore from its securities premium, with the record date to follow.

Overview

  • Orient Technologies said it has secured in-principle approvals from stock exchanges for the proposed bonus allotment.
  • The company will announce the record date later to determine eligible shareholders for the bonus shares.
  • Shares jumped as much as 15.01% to an intraday high of Rs 380 following the announcement.
  • Management said the voting outcome signals strong investor participation and confidence in the company’s financial approach and operations.
  • Promoters owned 73.24% as of September 2025, and the stock trades above most SMAs but below its 50-day average, with a 14-day RSI around 46.7.