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Orient Technologies Limited Earnings Release 2026
59867_rns_2026-05-27_58515f7c-8b6f-467d-a9ec-ee514ed2ec6f.pdf
Earnings Release
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ORIENT TECHNOLOGIES
Date: May 27, 2026
| To, The Manager Listing Department BSE Limited (BSE) Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai - 400 001 Scrip Code: 544235 | To, The Manager Listing Department National Stock Exchange of India Limited (NSE) Exchange Plaza, 5th Floor Plot No. C/1, G-Block Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Symbol: ORIENTTECH |
|---|---|
Subject: Outcome of the Board Meeting held today i.e. Wednesday, May 27, 2026.
Dear Sir/Ma'am,
Pursuant to Regulation 30 and 33 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we hereby inform you that the Board of Directors of Orient Technologies Limited ('the Company') at its meeting held today, i.e., Wednesday, May 27, 2026 which commenced at 03:00 P.M. (IST) and concluded at 8.00 P.M. (IST) have inter alia considered and approved the following:
i. Approval of Audited Consolidated and Standalone Financial Results of the Company for the quarter and financial year ended March 31, 2026, along with the Auditors Report.
Approved the Audited Consolidated and Standalone Financial Results of the Company for the quarter and financial year ended March 31, 2026, along with the Auditors Report issued by the Statutory Auditors and Signed declaration received from Chief Financial Officer ('CFO') of the Company is given as "Annexure A".
The financial results have been uploaded on the website of BSE Limited ("BSE"), National Stock Exchange of India Limited ("NSE") and on the website of the Company at https://www.orientindia.in/investor-relations.
ii. Approved the re-appointment of M/s Santosh Ghag & Co. as the Internal Auditors of the Company and to fix their remuneration.
The requisite disclosure pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations and in terms of SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 for Item no. ii is enclosed as "Annexure B".
25 Years of Service Excellence
IT Transformation Catalysts
Regd. Office: Orient Technologies Limited, 502, Ackruti Star, Central Road, M.I.D.C., Andheri (East), Mumbai, Maharashtra - 400093 | CIN: L64200MH1997PLC109219
Sales Office: Orient Technologies Limited, 602, Ackruti Centre Point, Central Road, M.I.D.C., Andheri (East), Mumbai, Maharashtra - 400093 | CIN: L64200MH1997PLC109219
orientindia.in
22 4292 8888
22 4292 8800 (HO)
ORIENT TECHNOLOGIES
iii. Resignation of Mr. Gourav Modi, Chief Financial Officer (Key Managerial Personnel) of the Company, effective from the close of business hours of June 25, 2026.
We hereby inform you that Mr. Gourav Modi, Chief Financial Officer (Key Managerial Personnel) of the Company, has resigned from the services of the Company due to personal reasons, effective from the closure of business hours of June 25, 2026.
The details as required under Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations and in terms of SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 for Item no. iii is enclosed herewith as "Annexure C".
This is for your information and record.
For ORIENT TECHNOLOGIES LIMITED
(formerly known as Orient Technologies Private Limited)
Ajay
Baliram
Sawant
Digitally signed by
Ajay Baliram Sawant
Date: 2026.05.27
21:10:08 +05'30'
Ajay Baliram Sawant
Chairman and Managing Director
DIN:00111001
Place: Mumbai
Encl: As above
25 Years of Service Excellence
IT Transformation Catalysts
Regd. Office: Orient Technologies Limited, 502, Ackruti Star, Central Road, M.I.D.C., Andheri (East), Mumbai, Maharashtra - 400093 | CIN: L64200MH1997PLC109219
Sales Office: Orient Technologies Limited, 602, Ackruti Centre Point, Central Road, M.I.D.C., Andheri (East), Mumbai, Maharashtra - 400093 | CIN: L64200MH1997PLC109219
orientindia.in
22 4292 8888
22 4292 8800 (HO)
KIRTANE & PANDIT LLP
Chartered Accountants
Pune | Mumbai | Nashik | Bengaluru | Hyderabad | New Delhi | Chennai
INDEPENDENT AUDITOR'S REPORT
To
The Board of Directors of
Orient Technologies Limited
Report on the Audit of the Standalone Annual Financial Results
Opinion
We have audited the accompanying standalone annual financial results of Orient Technologies Limited (the "Company") for the year ended March 31, 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR Regulations").
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone annual financial results:
i. are presented in accordance with the requirements of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended in this regard; and
ii. give a true and fair view in conformity with recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion on the standalone annual financial results.
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O
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KIRTANE & PANDIT LLP
Chartered Accountants
Pune | Mumbai | Nashik | Bengaluru | Hyderabad | New Delhi | Chennai
Management's and Board of Directors' Responsibility for the Standalone Annual Financial Results
The standalone annual financial results have been prepared on the basis of the standalone annual financial statements.
The Company's Management and Board of Directors are responsible for the preparation and presentation of the standalone annual financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone annual financial results, the Management and Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results
Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone annual financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the standalone annual financial results, whether due to fraud or error, design and perform audit procedures responsive to
601, 6th Floor, Earth Vintage, Senapati Bapat Marg, Dadar West, Mumbai- 400 028, India
☎ +91 022 24444119 / 5, 24469713
✉ [email protected]
🌐 www.kirtanepandit.com
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KIRTANE & PANDIT LLP
Chartered Accountants
Pune | Mumbai | Noshik | Bengaluru | Hyderabad | New Delhi | Chennai
those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.
-
Conclude on the appropriateness of the Management and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the standalone annual financial results, including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
i. The audited standalone annual financial results include unaudited annual financial results of Singapore Branch, whose financial information include total assets of Rs 1167.81 lakhs as at March 31, 2026, revenue from operations of Rs.830.92 lakhs, net profit after tax of Rs.169.21 Lakhs and net cash outflows of Rs.61.05 lakhs for the year ended March 31, 2026. This unaudited financial information’s have been approved and furnished to us by the Management and Board of Directors and our opinion on the annual financial results, in so far as it relates to the affairs of Singapore Branch, is based solely on such unaudited financial information.
601, 6th Floor, Earth Vintage, Senapati Bapat Marg, Dadar West, Mumbai- 400 028, India
☎ +91 022 24444119 / 5, 24469713 📠 [email protected] 🌐 www.kirtanepandit.com
ASSOCIATED FONDS OF INFORMATION
Chartered Accountants
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KIRTANE & PANDIT LLP
Chartered Accountants
Pune | Mumbai | Nashik | Bengaluru | Hyderabad | New Delhi | Chennai
According to the information and explanations given to us by the Management and Board of Directors, these unaudited annual financial information's are not material to the Company.
Our Opinion on the Standalone annual financial results is not modified in respect of the above matters.
ii. The standalone annual financial results include the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us under the LODR Regulations.
For Kirtane & Pandit LLP
Chartered Accountants
Firm Registration No.105215W/W100057
Sandeep Patil
Partner
Membership No.: 125497
UDIN: 26125497VJOWWB6584
Mumbai, May 27, 2026
601, 6th Floor, Earth Vintage, Senapati Bapat Marg, Dadar West, Mumbai- 400 028. India
☎ +91 022 24444119 / 5.24469713 📠 [email protected] 🌐 www.kirtanepandit.com
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Orient Technologies Limited
(Formerly known as Orient Technologies Private Limited)
Corporate Identification Number: L64200MH1997PLC109219
Registered Office: Off No-502, 5th Floor, Akruti Star, Central Road, MIDC, Opp. Akruti Point Central, Andheri (East), Mumbai – 400 093.
Corporate Office: 602, Ackruti Center Point, MIDC Central Road, Andheri (East), Mumbai Maharashtra – 400 093
E-mail: [email protected]; Website: www.orientindia.in; Tel: +91 22 4292 8777
Statement of Audited Standalone Financial Results for the quarter and year ended March 31, 2026
(All amounts in Indian Rupees in lakhs, unless otherwise stated)
| Particulars | Quarter ended | Year Ended | |||
|---|---|---|---|---|---|
| March 31, 2026 (Audited) Refer Note-4 | December 31, 2026 (Unaudited) | March 31, 2026 (Audited) Refer Note-4 | March 31, 2026 (Audited) | March 31, 2026 (Audited) | |
| 1. Income | |||||
| a) Revenue from operations | 18,133.43 | 19,823.03 | 26,068.31 | 86,493.19 | 83,953.06 |
| b) Other Income | 140.73 | 109.12 | 178.91 | 573.37 | 675.60 |
| Total Income | 18,274.16 | 19,932.18 | 26,247.22 | 87,066.56 | 84,628.66 |
| 2. Expenses | |||||
| a) Purchase of stock-in-trade and direct expenses | 15,345.82 | 17,573.18 | 22,378.46 | 73,535.87 | 70,115.90 |
| b) Changes in inventories of stock-in-trade | (176.38) | (141.76) | (116.59) | (226.97) | 72.19 |
| c) Employee benefit expenses | 1,460.32 | 1,449.55 | 1,348.97 | 5,688.02 | 4,862.27 |
| d) Finance costs | 208.04 | 146.79 | 11.57 | 512.07 | 121.58 |
| e) Depreciation and amortisation expense | 628.18 | 296.32 | 188.72 | 1,365.40 | 511.79 |
| f) Other expenses | 1,122.70 | 748.76 | 533.67 | 3,316.56 | 2,143.28 |
| Total Expenses | 18,588.68 | 20,072.84 | 24,344.80 | 84,190.95 | 77,827.01 |
| 3. Profit/(Loss) before exceptional item and tax for the period / year (1-2) | (314.52) | (140.69) | 1,902.42 | 2,875.61 | 6,801.65 |
| 4. Exceptional item Debit/(Credit) (refer note 5) | 444.80 | 1,923.53 | - | 2,368.33 | - |
| 5. Profit/(Loss) before tax for the period / year (3-4) | (759.32) | (2,064.22) | 1,902.42 | 507.28 | 6,801.65 |
| 6. Tax Expense | |||||
| a) Current tax [Debit / (Credit)] | (74.71) | (526.82) | 599.40 | 298.21 | 1,794.76 |
| b) Tax pertaining to earlier periods [Debit / (Credit)] | 0.93 | (0.03) | 5.28 | (1.47) | 13.58 |
| c) Deferred tax [Debit / (Credit)] | (39.91) | (41.77) | (45.99) | (68.27) | (50.34) |
| Total Tax expense [Debit / (Credit)] | (113.69) | (568.62) | 558.69 | 228.47 | 1,758.00 |
| 7. Profit/(Loss) after tax for the period / year (5-6) | (645.63) | (1,495.60) | 1,343.73 | 278.81 | 5,043.65 |
| 8. Other Comprehensive Income (OCI) | |||||
| (a) Item that will not be reclassified to profit or loss | |||||
| Re-measurement gain / (loss) on defined benefit plans | (68.06) | 28.90 | 45.10 | (4.73) | 62.59 |
| Income tax relating to items that will not be reclassified to profit or loss | 17.13 | (7.28) | (11.35) | 1.19 | (15.75) |
| Total Other Comprehensive Income/(Loss) (OCI) | (50.93) | 21.62 | 33.75 | (3.54) | 46.84 |
| 9. Total Comprehensive Income / (Loss) for the period / year (7+8) | (696.56) | (1,473.98) | 1,377.48 | 275.27 | 5,090.49 |
| 10. Paid up Equity Share Capital (Face value Rs 10 per share) | 4,580.59 | 4,164.17 | 4,164.17 | 4,580.59 | 4,164.17 |
| 11. Other equity | 28,880.53 | 28,803.90 | |||
| 12. Earnings / (Loss) Per Share (EPS) (Face value Rs. 10 per share) | |||||
| (EPS are not annualised for the quarter ended) | |||||
| (a) Basic | (1.41) | (3.27) | 2.93 | 0.61 | 11.01 |
| (b) Diluted | (1.41) | (3.27) | 2.93 | 0.61 | 11.01 |
PLANNED ORIENT
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| Statement of Standalone Audited Assets and Liabilities as at March 31, 2026
(All amounts in Indian Rupees in lakhs, unless otherwise stated) | | |
| --- | --- | --- |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
| ASSETS | | |
| Non-current assets | | |
| Property, plant and equipment | 7,259.27 | 2,068.54 |
| Right-of-use assets | 263.60 | 410.82 |
| Intangible assets | 1,497.33 | - |
| Financial assets | | |
| (i) Investments | 782.97 | 20.10 |
| (ii) Other financial assets | 2,483.63 | 1,559.10 |
| Deferred tax assets (net) | 386.80 | 374.11 |
| Other non-current assets | - | 1,613.74 |
| Total Non-current assets | 12,673.60 | 6,046.41 |
| Current assets | | |
| Inventories | 1,509.29 | 1,282.32 |
| Financial assets | | |
| (i) Trade receivables | | |
| - Billed | 21,256.42 | 23,145.03 |
| - Unbilled | 3,725.10 | 5,844.77 |
| (ii) Cash and cash equivalents | 6,250.66 | 11,407.55 |
| (iii) Bank balances other than (ii) above | 1,026.42 | 164.88 |
| (iv) Loans | 15.53 | |
| (v) Other financial assets | 789.33 | 883.83 |
| Current tax assets (Net) | 2,933.36 | 516.25 |
| Other current assets | 6,262.62 | 3,209.47 |
| Total current assets | 43,768.73 | 46,454.10 |
| TOTAL ASSETS | 56,442.33 | 52,500.51 |
| EQUITY AND LIABILITIES | | |
| Equity | | |
| Equity share capital | 4,580.59 | 4,164.17 |
| Other equity | 28,880.53 | 28,803.90 |
| Total equity | 33,461.12 | 32,968.07 |
| Liabilities | | |
| Non-current liabilities | | |
| Financial liabilities | | |
| (i) Lease liabilities | 117.06 | 384.15 |
| Non-current provisions | 1,122.07 | 575.61 |
| Total non-current liabilities | 1,239.13 | 959.76 |
| Current liabilities | | |
| Financial liabilities | | |
| (i) Borrowings | 5,889.71 | 140.30 |
| (ii) Lease liabilities | 190.65 | 70.53 |
| (iii) Trade payables | | |
| - Total outstanding dues of micro and small enterprises | 1,336.66 | 226.45 |
| - Total outstanding dues of other than micro and small enterprises | 10,591.60 | 14,548.68 |
| (iv) Other financial liabilities | 2,609.34 | 2,294.44 |
| Other current liabilities | 1,025.37 | 1,240.11 |
| Current provisions | 98.75 | 52.17 |
| Total current liabilities | 21,742.08 | 18,572.68 |
| TOTAL EQUITY AND LIABILITIES | 56,442.33 | 52,500.51 |
C
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Statement of Audited Cash Flow Statement for the period ended March 31, 2026
(All amounts in Indian Rupees in lakhs, unless otherwise stated)
| PARTICULARS | Year Ended | ||
|---|---|---|---|
| March 31, 2026 | |||
| (Audited) | March 31, 2025 | ||
| (Audited) | |||
| A. | Cash Flow arising from operating activities : | ||
| Profit before tax | 507.28 | 6,801.65 | |
| Adjustment for: | |||
| Depreciation and amortisation expense | 1,365.40 | 511.79 | |
| Finance costs | 512.07 | 121.58 | |
| Write back of financial liabilities no longer required | (1.22) | (176.01) | |
| Fair Value of Employee Benefit Expense routed through Other Equity | 65.00 | - | |
| Net Gain arising on financial assets measured at fair value | - | (78.99) | |
| Dividend income | - | (0.14) | |
| Allowance for expected credit losses on other financial assets | 19.50 | - | |
| Interest Income | (465.81) | (407.47) | |
| Allowance for expected credit losses (net) | 473.33 | 140.24 | |
| Interest income on income tax refund | (53.90) | (2.85) | |
| (Profit)/Loss from sale of Property, Plant and Equipment | (43.28) | - | |
| 1,871.09 | 108.15 | ||
| Operating profit before working capital changes | 2,378.37 | 6,909.80 | |
| Less : | |||
| a) Increase /(Decrease) in operational liabilities | |||
| Increase / (Decrease) in Trade payables | (2,845.65) | 5,818.23 | |
| Increase / (Decrease) in Financial liabilities | 891.97 | 1,100.50 | |
| Increase / (Decrease) in Other liabilities and provisions | 188.91 | (18.50) | |
| b) (Increase)/Decrease in operational assets | |||
| (Increase) / Decrease in Inventories | (226.97) | 72.19 | |
| (Increase) / Decrease in Trade receivables | 3,142.55 | (13,565.62) | |
| (Increase) / Decrease in Other financial assets | 0.36 | (5.91) | |
| (Increase) / Decrease in Financial assets | 140.14 | (337.21) | |
| (Increase) / Decrease in Other assets | (3,072.65) | 926.71 | |
| (1,781.34) | (6,009.61) | ||
| c) Income taxes paid (net of refunds) | 597.03 | 900.19 | |
| (2,659.95) | (2,014.58) | ||
| Net Cash Flow from / (used in) Operating activities (A) | (2,062.92) | (1,114.39) | |
| B. | Cash Flow arising from investing activities : | ||
| Purchase of property, plant and equipment including capital advance and Intangible assets | (6,287.64) | (2,553.61) | |
| Proceeds from sale of Property, Plant and Equipment | 71.02 | - | |
| Investment / Proceed from Fixed Deposit (Margin Money) | (924.89) | (595.12) | |
| Investment in subsidiary and associates | (762.87) | - | |
| Loan given | (15.53) | - | |
| Investment / Proceeds from Mutual Funds / Redemption | - | 4,015.50 | |
| Bank balances not considered as cash and cash equivalent | (861.53) | (164.88) | |
| Dividend received | - | 0.14 | |
| Interest received | 420.17 | 1,067.12 | |
| Net cashflow generated from / (used in) investing activities (B) | (8,361.27) | 1,067.12 | |
| C. | Cash Flow arising from financing activities : | ||
| Net proceeds/ (repayment) of borrowings | 5,749.41 | (341.36) | |
| Proceeds from issue of shares (net of issue expenses) | - | 10,792.60 | |
| Expenses for Issue of Bonus Shares | (16.00) | - | |
| Receipt of share issue expenses pertaining to OFS from promoters | 225.53 | - | |
| Repayment of lease liabilities including interest | (211.84) | (221.35) | |
| Dividend paid during the year including tax | - | (749.31) | |
| Finance cost paid | (479.80) | 9,403.28 | |
| Net cashflow generated from / (used in) financing activities (C) | 5,267.30 | 9,403.28 | |
| Net increase / (decrease) in cash and cash equivalents [A + B + C] | (5,156.89) | 9,356.01 | |
| Cash and cash equivalents at the beginning of the year | 11,407.55 | 2,051.54 | |
| Cash and cash equivalents at the end of the year | 6,250.66 | 11,407.55 | |
| Components of cash and cash equivalents | |||
| (i) Cash in hand | 5.99 | 5.91 | |
| (ii) Balance with Banks | |||
| On current account | 2,490.27 | 2,447.68 | |
| On IPO Public Escrow and Monitoring Agency account | 226.04 | 2,453.96 | |
| Deposit account (original maturity upto 3 months) | 3,528.36 | 6,500.00 | |
| 6,250.66 | 11,407.55 |
Notes to Statement of Audited Standalone Financial Results for the year ended March 31, 2026:
With effect from April 1, 2025, the Company has changed its internal organization structure and the basis on which the Chief Operating Decision Maker (CODM) reviews financial information for performance assessment. Previously, the Company reported 3 segments - a) IT Infrastructure Products and Services, b) Cloud and Data Management and c) ITES Services.
Now, based on the revised performance assessment, the CODM has identified 2 reportable segments -
a) IT Infrastructure Solutions
b) IT Infrastructure and Application Services
The Comparative segment information has been restated accordingly. This change has no impact on the total revenue, profit after tax or net assets of the Company. Disclosures as per Indian Accounting Standards (Ind-AS 108) "Operating Segment" has been disclosed herewith -
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| March 31, 2026 | December 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | |
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | |
| Refer Note-4 | Refer Note-4 | ||||
| Revenue from operations | |||||
| IT Infrastructure Solution | 8,974.86 | 9,963.71 | 15,043.24 | 41,837.25 | 50,442.92 |
| IT Infrastructure and Application Services | 9,158.57 | 9,859.32 | 11,025.07 | 44,655.94 | 33,510.14 |
| Total Revenue from operations | 18,133.43 | 19,823.03 | 26,068.31 | 86,493.19 | 83,953.06 |
| Expenses | |||||
| Cost of goods sold | |||||
| IT Infrastructure Solution | 8,410.42 | 9,217.41 | 14,275.43 | 37,502.64 | 45,669.08 |
| IT Infrastructure and Application Services | 6,759.02 | 8,214.01 | 7,986.44 | 35,806.26 | 24,519.01 |
| Total Expenses | 15,169.44 | 17,431.42 | 22,261.87 | 73,308.90 | 70,188.09 |
| Segment Results | |||||
| IT Infrastructure Solution | 564.44 | 746.30 | 767.81 | 4,334.61 | 4,773.84 |
| IT Infrastructure and Application Services | 2,399.55 | 1,645.31 | 3,038.63 | 8,849.68 | 8,991.13 |
| Sub-total | 2,963.99 | 2,391.61 | 3,806.44 | 13,184.29 | 13,764.97 |
| Unallocated corporate expenses (net of unallocated income) | 2,442.29 | 2,089.19 | 1,703.73 | 8,431.21 | 6,329.95 |
| Finance costs | 208.04 | 146.79 | 11.57 | 512.07 | 121.58 |
| Depreciation and amortisation expense | 628.18 | 296.32 | 188.72 | 1,365.40 | 511.79 |
| Profit/(Loss) before exceptional item and tax for the period / year | (314.52) | (140.69) | 1,902.42 | 2,875.61 | 6,801.65 |
| Exceptional item [Debit / (Credit)] (refer note 5) | 444.80 | 1,923.53 | - | 2,368.33 | - |
| Profit/(Loss) before tax for the period/ year | (759.32) | (2,064.22) | 1,902.42 | 507.28 | 6,801.65 |
| Tax expenses [Debit/ (Credit)] | (113.69) | (568.62) | 558.69 | 228.47 | 1,758.00 |
| Profit/(Loss) after tax for the period / year | (645.63) | (1,495.60) | 1,343.73 | 278.81 | 5,043.65 |
-
Segment assets and liabilities - The assets and liabilities used in the Company's business are not identified with any of the operating segments, as these are used interchangeably between the reportable segments. The management of the company believes that it is currently not practicable to provide segment disclosures relating to total assets and total liabilities.
-
The Audited standalone financial results for the quarter and year ended March 31, 2026, were reviewed by the Audit Committee and thereafter approved by the Board of Directors of the Company held on May 27, 2026. The statutory auditors of the Company have conducted an audit of the results in accordance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). The statutory auditors have expressed an unmodified opinion on the above audited financial
-
The Audited standalone financial results of the Company have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Sec 133 of the Companies Act, 2013, as amended, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing obligation and disclosure requirements) Regulations 2015 (the "Regulations").
-
In accordance with Ind AS 108 — 'Operating Segments,' the Company has presented segment information in the Consolidated Financial Results. As a matter of voluntary disclosure and to ensure comparability with previous periods where consolidated results were not applicable, the Company has also provided segment information in the Standalone Financial Results for the quarter and year ended March 31, 2026.
-
The figures for the quarter ended March 31,2026 and for the quarter ended March 31,2025, are the balancing figures between the audited figures in respect of the full financial year ended March 31,2026 and March 31,2025 and the published unaudited year-to-date figures up to the third quarter of the current and preceding financial years
-
a On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of legal opinion obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental impact under Exceptional item in the unaudited standalone financial results for the quarter and nine months period ended December 31, 2025. The incremental impact consisting of gratuity of Rs.334.97 lakhs and long-term compensated absences of Rs.73.47 lakhs primarily arises due to change in wage definition. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.
b During the quarter ended December 31, 2025, the Company has experienced the loss of a major customer for whom significant cloud-based marketplace support cost and associated committed costs had been incurred. These costs were specifically attributable to the customer's operations and were expected to be amortized over the customer's revenue cycles. As the customer relationship has been discontinued during the current quarter and no future economic benefits are expected to be realized from these costs, the Company has charged off the unamortized balance of Rs.1515.09 lakhs in December 2025 and Rs 444.80 lakhs to the Statement of Audited Standalone Financial Results for the quarter and year ended March 31, 2026. Given the materiality and the specific, non-recurring nature, this amount is presented as an Exceptional item.
O
6 During the quarter ended December 31, 2025, the Company acquired stakes in companies as below:
- Red Hut Innovation Technology Pvt Ltd 100% equity stake, w.e.f. November 1, 2025
- AIT Internet Services Private Limited 46% equity stake, w.e.f. November 1, 2025
- Athena IT & Telecom Private Limited 46% equity stake, w.e.f. December 1, 2025
The gross consideration for these acquisitions is Rs.762.87 Lakhs in accordance with Ind AS 27, these investments are recognized at cost.
7 The Company has issued Bonus shares in the ratio of 1.10 i.e. 1 (One) fully paid-up equity share of Rs.10/- each for every 10 (Ten) fully paid-up equity shares of Rs.10/- each held by the eligible shareholders as on the Record date of January 5, 2026.
8 The net proceeds from the IPO were INR 10,792.60 lakhs (net of issue expenses). Details of utilization of Net IPO proceeds is as under:
| Particulars | Objects of the issue as per Prospectus | Utilised up to March 31, 2026 | Unutilised Amount as on March 31, 2026 |
|---|---|---|---|
| Acquisition of office premise at Navi Mumbai | 1,034.80 | 1,034.80 | |
| Funding our Capital Expenditure requirements | 7,985.00 | 4,021.40 | 3,943.60 |
| General corporate purposes | 1,792.80 | 1,792.80 | |
| Total net proceeds | 10,792.60 | 6,849.00 | 3,943.60 |
Out of the total unutilised gross proceeds from IPO representing company's share as at March 31, 2026, Rs.4400 lakhs are temporarily invested in fixed deposits (inclusive of interest on fixed deposits of Rs.114 lakhs) and Rs.89 lakhs is held in IPO Public Escrow and Monitoring accounts.
9 The Board of Directors, in its meeting held on February 13 2026, had duly evaluated the status of IPO funds proceeds utilization and recognized the need to extend the timeline to align with the evolving requirements. Accordingly, the Board formally approved the proposal to seek shareholder's consent for an extension of the timeline for utilizing the unspent IPO proceeds by an additional period of one year.
Pursuant to this Board resolution, the Company sought shareholder's approval through a Special Resolution, in compliance with applicable provisions of Companies Act,2013 and SEBI (ICDR) Regulations. The resolution was passed with the requisite majority via Postal ballot on March 26, 2026, thereby authorizing the extension of the utilization period for the IPO proceeds upto March 31,2027.
10 The Board took note of the resignation application of Mr. Gourav Modi, Chief Financial Officer of the Company on May 27, 2026 with his last working day being June 25,2026. The Board of Directors has accepted his resignation and placed on record its appreciation for his valuable contribution and dedicated services rendered during his tenure as a Key Managerial Personnel of the Company.
11 The Company had issued an employment letter to its former CEO providing for remuneration of Re. 1 and a conditional entitlement to 11 lakh equity shares, subject to approval by the Nomination and Remuneration Committee (NRC). The NRC did not approve the entitlement, and accordingly, no shares were allotted by the Company. Separately, the Promoters transferred 11,95,280 shares to the former CEO under a personal memorandum of understanding, to which the Company is not a party. The Company has recognised notional remuneration for services received at fair value under Ind AS, as determined by the management, with a corresponding credit to Other Equity as Shareholders' Contribution. Further, the former CEO has issued a legal notice claiming entitlement to the shares, which has not been approved by the NRC and is under dispute. Accordingly, no provision has been recognised in the financial statements, and the matter has been disclosed as a contingent liability under Ind AS 37.
12 The result for the quarter and year ended March 31, 2026 are available on the Company website, and on Bombay Stock Exchange Website and National Stock Exchange Website.
13 Figures for previous quarter/period have been regrouped/recashed wherever required to make them comparable.
For Orient Technologies Limited
INDEPENDENT AUDITOR'S REPORT
To
The Board of Directors of
Orient Technologies Limited
Report on the Audit of the Consolidated Annual Financial Results
Opinion
We have audited the accompanying consolidated annual financial results of Orient Technologies Limited (hereinafter referred to as "the Holding Company"), and its subsidiary (the Holding Company and its subsidiary together referred to as "the Group") and its share of the net profit after tax and total comprehensive income of its associates, for the year ended March 31, 2026, attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR Regulations")
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of report of other auditors on separate audited financial statements of the subsidiary, associates, the aforesaid consolidated annual financial results:
i. includes the annual financial results of the following entities:
| Sr. No. | Name of Entity | Relationship |
|---|---|---|
| 1 | Orient Technologies Limited | Holding Company |
| 2 | Red Hut Innovation Technology Pvt Ltd | Subsidiary |
| 3 | AIT Internet Services Pvt Ltd | Associate |
| 4 | Athena IT & Telecom Solutions Pvt Ltd | Associate |
ii. are presented in accordance with the requirements of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income and other financial information of the Group for the year ended March 31, 2026.
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Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results" section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us along with the consideration of the audited annual financial results of the subsidiaries referred to our paragraph of the "Other Matters" below, is sufficient and appropriate to provide a basis for our opinion on the consolidated annual financial results.
Management's and Board of Directors' Responsibilities for the Consolidated Annual Financial Results
These Consolidated annual financial results have been prepared on the basis of the consolidated annual financial statements.
The Holding Company's Management and Board of Directors are responsible for the preparation and presentation of the Consolidated annual financial results that gives a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its associates in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the companies included in the Group and its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have used for the purpose of preparation of the consolidated annual financial results by the Management and the Directors of the Holding Company, as aforesaid.
In preparing the consolidated annual financial results, the Management and Board of Directors of the companies included in the Group and its associates are responsible for assessing the ability of each company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
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The respective Board of Directors of the companies included in the Group and its associates are responsible for overseeing the Company's financial reporting process of each company.
Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results
Our objectives are to obtain reasonable assurance about whether the consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated annual financial results made by the Management and Board of Directors.
-
Conclude on the appropriateness of the Management and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the consolidated annual financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
601, 6th Floor, Earth Vintage, Senapati Bapat Marg, Dadar West, Mumbai- 400 028, India
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🌐 www.kirtanepandit.com
FON 1952 UNI JU 1234567890
Chartered Accountants
KIRTANE & PANDIT LLP
Chartered Accountants
Pune | Mumbai | Nashik | Bengaluru | Hyderabad | New Delhi | Chennai
- Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to express an opinion on the consolidated annual financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entity included in the consolidated annual financial results, which have been audited by other auditors or certified by the Management, such other auditor/Management and Board of Directors remain responsible for the direction, supervision and performance of the financial results carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in sub paragraph of the section titled “Other Matters” in this audit report.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular No CIR/CFD/CMD1/44/2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
Other Matter
i. The audited consolidated annual financial results include unaudited annual financial results of Singapore Branch, whose financial information include total assets of Rs 1167.81 lakhs as at March 31, 2026, revenue from operations of Rs.830.92 lakhs, net profit after tax of Rs.169.21 Lakhs and net cash outflows of Rs.61.05 lakhs for the year ended March 31, 2026. This unaudited financial information’s have been approved and furnished to us by the Management and Board of Directors and our opinion on the annual financial results, in so far as it relates to the affairs of Singapore Branch, is based solely on such unaudited financial information. According to the information and explanations given to us by the Management and Board of Directors, this unaudited annual financial information’s are not material to the Company.
Our Opinion on the consolidated annual financial results is not modified in respect of the above matters.
ii. The consolidated annual financial results include the audited financial results of One subsidiary, whose financial statements/financial information reflects total assets (before consolidation adjustments) of Rs.900.66 Lakhs as at 31 March 2026, total revenue (before consolidation adjustments) of Rs.509.94 lakhs and total comprehensive income (before consolidation adjustments) of Rs. 84.86 lakhs and net cash inflows (before consolidation adjustments) of Rs. 25.20 lakhs for the year ended on that date, as considered in the consolidated annual financial results, which have been audited by its respective independent auditor. The consolidated annual
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CERTIFIED INFORMATION
NATIONAL BANK OF INDIA
E-MAIL: kirtanepandit.com
financial results also include the Group's share of total net Profit after tax of Rs.98.14 Lakhs and other comprehensive income of Rs. Nil for the year ended 31 March 2026, as considered in the consolidated annual financial results, in respect of two (2) associates, whose financial statements/financial information have been audited by its respective independent auditors. The independent auditor's reports on financial statements/financial information of these entities have been furnished to us by the management.
Our opinion on the consolidated annual financial results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the reports of such auditors and the procedures performed by us are as stated in paragraph above.
Our opinion on the consolidated annual financial results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.
iii. The consolidated annual financial results include the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us as required under the LODR Regulations.
For Kirtane & Pandit LLP
Chartered Accountants
Firm Registration No.105215W/W100057
Sandeep Patil
Partner
Membership No.: 125497
UDIN: 26125497KEYYJG8996
Mumbai, May 27, 2026
601, 6th Floor, Earth Vintage, Senapati Bapat Marg, Dadar West, Mumbai- 400 028, India
+91 022 24444119 / 5, 24469713
[email protected]
www.kirtanepandit.com
Orient Technologies Limited
(Formerly known as Orient Technologies Private Limited)
Corporate Identification Number: L64200MH1997PLC109219
Registered Office: Off No-502, 5th Floor, Akruti Star, Central Road, MIDC, Opp. Akruti Point Central, Andheri (East), Mumbai – 400 093.
Corporate Office: 602, Ackruti Center Point, MIDC Central Road, Andheri (East), Mumbai Maharashtra – 400 093
E-mail: [email protected]; Website: www.orientindia.in; Tel: +91 22 4292 8777
Statement of Audited Consolidated Financial Results for the quarter and year ended March 31 2026
(All amounts in Indian Rupees in lakhs, unless otherwise stated)
| Particulars | Quarter ended | Year Ended | |
|---|---|---|---|
| March 31, 2026 | |||
| (Audited) | December 31, 2026 | ||
| (Unaudited) | March 31, 2026 | ||
| (Audited) | |||
| 1. Income | |||
| a) Revenue from operations | 18,407.42 | 20,010.30 | 86,954.45 |
| b) Other Income | 144.13 | 109.12 | 576.77 |
| Total Income | 18,551.55 | 20,119.42 | 87,531.22 |
| 2. Expenses | |||
| a) Purchase of stock-in-trade and direct expenses | 15,386.76 | 17,596.16 | 73,599.78 |
| b) Changes in inventories of stock-in-trade | (176.38) | (141.76) | (226.97) |
| c) Employee benefit expenses | 1,548.59 | 1,499.46 | 5,826.20 |
| d) Finance costs | 217.03 | 148.71 | 522.98 |
| e) Depreciation and amortisation expense | 637.11 | 327.28 | 1,405.29 |
| f) Other expenses | 1,201.40 | 770.98 | 3,417.48 |
| Total Expenses | 18,814.51 | 20,200.83 | 84,544.76 |
| 3. Profit/(Loss) before exceptional item and tax for the period / year (1-2) | (262.96) | (81.41) | 2,986.46 |
| 4. Exceptional item [Debit/ (Credit)] (refer note 3) | 444.80 | 1,923.53 | 2,368.33 |
| 5. Profit/(Loss) before tax for the period / year (3-4) | (707.76) | (2,004.94) | 618.13 |
| 6. Tax Expense | |||
| a) Current tax [Debit / (Credit)] | (67.41) | (511.48) | 320.85 |
| b) Tax pertaining to earlier periods [Debit / (Credit)] | (0.75) | (0.03) | (3.15) |
| c) Deferred tax [Debit / (Credit)] | (30.07) | (41.77) | (58.43) |
| Total Tax expense [Debit / (Credit)] | (98.23) | (553.28) | 259.27 |
| 7. Profit/(Loss) after tax before share of profit/(loss) of associates (5-6) | (609.53) | (1,451.66) | 358.86 |
| a) Share of profit/(loss) of associates (net of tax) | 110.66 | (12.52) | 98.14 |
| 8. Profit /(Loss) after tax for the period / year (5-6) | (498.87) | (1,464.18) | 457.00 |
| 9. Other Comprehensive Income (OCI) | |||
| (a) Item that will not be reclassified to profit or loss | |||
| Re-measurement gain / (loss) on defined benefit plans | (68.06) | 28.90 | (4.73) |
| Income tax relating to items that will not be reclassified to profit or loss | 17.13 | (7.28) | 1.19 |
| Total Other Comprehensive Income / (loss) (OCI) | (50.93) | 21.62 | -3.54 |
| 10. Total Comprehensive Income/(Loss) for the period / year (8+9) | (549.80) | (1,442.56) | 453.46 |
| 11. Net profit/(loss) attributable to | |||
| a) Owners of the Holding Company | (498.87) | (1,464.18) | 457.00 |
| b) Non-controlling interest | - | - | - |
| 12. Other comprehensive income attributable to | |||
| a) Owners of the Holding Company | (50.93) | 21.62 | (3.54) |
| b) Non-controlling interest | - | - | - |
| 13. Total comprehensive income/(loss) attributable to | |||
| a) Owners of the Holding Company | (549.80) | (1,442.56) | 453.46 |
| b) Non-controlling interest | - | - | - |
| 14. Paid up Equity Share Capital (Face value Rs 10 per share) | 4,580.59 | 4,164.17 | 4,580.59 |
| 15. Other equity | 29,058.72 | ||
| 16. Earnings/(Loss) Per Share (EPS) (Face value Rs. 10 per share) | |||
| (EPS for the interim periods are not annualised) | |||
| (a) Basic | (1.09) | (3.20) | 1.00 |
| (b) Diluted | (1.09) | (3.20) | 1.00 |
MUMBAI
0
Statement of Audited Consolidated Assets and Liabilities as at March 31, 2026
| Particulars | As at March 31, 2026 (Audited) |
|---|---|
| ASSETS | |
| Non-current assets | |
| Property, plant and equipment | 7,664.17 |
| Right-of-use assets | 266.62 |
| Intangible assets | 1,550.26 |
| Goodwill on Consolidation | 171.54 |
| Financial assets | |
| (i) Investments | 309.30 |
| (ii) Other financial assets | 2,484.63 |
| Deferred tax assets (net) | 392.70 |
| Other non-current assets | |
| Total Non-current assets | 12,839.22 |
| Current assets | |
| Inventories | 1,509.29 |
| Financial assets | |
| (i) Trade receivables | |
| - Billed | 21,358.31 |
| - Unbilled | 3,807.11 |
| (ii) Cash and cash equivalents | 6,276.97 |
| (iii) Bank balances other than (ii) above | 1,027.85 |
| (iv) Loans | 15.53 |
| (v) Other financial assets | 802.90 |
| Current tax assets (Net) | 2,951.87 |
| Other current assets | 6,399.30 |
| Total current assets | 44,149.13 |
| TOTAL ASSETS | 56,988.35 |
| EQUITY AND LIABILITIES | |
| Equity | |
| Equity share capital | 4,580.59 |
| Other equity | 29,058.72 |
| Total equity | 33,639.31 |
| Liabilities | |
| Non-current liabilities | |
| Financial liabilities | |
| (i) Borrowings | 47.67 |
| (ii) Lease liabilities | 118.43 |
| Non-current provisions | 1,137.89 |
| Total non-current liabilities | 1,303.99 |
| Current liabilities | |
| Financial liabilities | |
| (i) Borrowings | 5,891.38 |
| (ii) Lease liabilities | 192.40 |
| (iii) Trade payables | |
| - Total outstanding dues of micro and small enterprises | 1,472.08 |
| - Total outstanding dues of other than micro and small enterprises | 10,643.73 |
| (iv) Other financial liabilities | 2,639.03 |
| Other current liabilities | 1,107.18 |
| Current provisions | 99.25 |
| Total current liabilities | 22,045.05 |
| TOTAL EQUITY AND LIABILITIES | 56,988.35 |
O
Statement of Audited Consolidated Cash Flow Statement for the period ended March 31, 2026
(All amounts in Indian Rupees in lakhs, unless otherwise stated)
| PARTICULARS | Year Ended | |
|---|---|---|
| March 31, 2026 | ||
| (Audited) | ||
| A. | Cash Flow arising from operating activities : | |
| Profit before tax | 618.13 | |
| Adjustment for: | ||
| Depreciation and amortisation expense | 1,405.29 | |
| Finance costs | 522.98 | |
| White back of financial liabilities no longer required | (4.50) | |
| Fair Value of Employee Benefit Expense routed through Other Equity | 65.00 | |
| Dividend income | - | |
| Allowance for expected credit losses on other financial assets | 19.50 | |
| Interest Income | (465.90) | |
| Allowance for expected credit losses | 498.03 | |
| Interest income on income tax refund | (53.90) | |
| (Profit)/ Loss from sale of Property, Plant and Equipment | (43.28) | |
| Interest on unwinding of security deposits | (0.03) | |
| 1,943.19 | ||
| Operating profit before working capital changes | 2,561.32 | |
| Less : | ||
| a) Increase /(Decrease) in operational liabilities | ||
| Increase / (Decrease) in Trade payables | (2,709.88) | |
| Increase / (Decrease) in Financial liabilities | 891.61 | |
| Increase / (Decrease) in Other liabilities and provisions | 186.73 | |
| b) (Increase)/Decrease in operational assets | ||
| (Increase) / Decrease in Inventories | (226.97) | |
| (Increase) / Decrease in Trade receivables | 2,939.09 | |
| (Increase) / Decrease in Other financial assets | 140.39 | |
| (Increase) / Decrease in Financial assets | (3,039.93) | |
| (Increase) / Decrease in Other current assets | (1,818.96) | |
| 742.36 | ||
| c) Income taxes paid (net of refunds) | (2,683.37) | |
| Net Cash Flow from / (used in) Operating activities (A) | (1,941.01) | |
| B. | Cash Flow arising from investing activities : | |
| Purchase of property, plant and equipment including capital advance and Intangible assets | (6,300.47) | |
| Proceeds from sale of Property, Plant and Equipment | 71.02 | |
| Loan given | (15.53) | |
| Investment / Proceed from Fixed Deposit (Margin Money) | (924.98) | |
| Payment to selling shareholders for acquisition of shares in subsidiary and associates | (762.87) | |
| Bank balances not considered as cash and cash equivalent | (861.53) | |
| Dividend received | - | |
| Interest received | 420.26 | |
| Net cash flow generated from / (used in) investing activities (B) | (8,374.10) | |
| C. | Cash Flow arising from financing activities : | |
| Net proceeds/ (repayment) of borrowings | 5,670.20 | |
| Expenses for Issue of Bonus Shares | (16.00) | |
| Receipt of share issue expenses pertaining to OFS from promoters | 225.53 | |
| Repayment of lease liabilities including interest | (212.69) | |
| Dividend paid during the year including tax | - | |
| Finance cost paid | (483.62) | |
| Net cash flow generated from / (used in) financing activities (C) | 5,183.42 | |
| Net increase / (decrease) in cash and cash equivalents [A+B+C] | (5,131.69) | |
| Cash and cash equivalents at the beginning of the year | 11,407.55 | |
| Cash and cash equivalents at the end of the year | 6,275.86 | |
| Components of cash and cash equivalents | ||
| (i) Cash in hand | 6.05 | |
| (ii) Balance with Banks | 2,515.41 | |
| On current account | 226.04 | |
| On IPO Public Escrow and Monitoring Agency account | 3,528.36 | |
| Deposit account (original maturity upto 3 months) | 6,275.86 |
PLANNED OLESE
MUMBAI
OCEANOLOWE
Scanned with OKEN Scanner
Notes to Statement of Audited Consolidated Financial Results for the quarter and year ended March 31, 2026:
With effect from April 1, 2025, the Group has changed its internal organisation structure and the basis on which the Chief Operating Decision Maker (CODM) reviews financial information for performance assessment. Previously, the Group reported 3 segments - a) IT Infrastructure Products and Services, b) Cloud and Data Management and c) ITES Services.
Now, based on the revised performance assessment, the CODM has identified 2 reportable segments -
a) IT Infrastructure Solutions
b) IT Infrastructure and Application Services
The Comparative segment information has been restated accordingly. This change has no impact on the total revenue, profit after tax or net assets of the Group. Disclosures as per Indian Accounting Standards (Ind-AS 108) "Operating Segment" has been disclosed herewith -
| Particulars | Quarter ended | Year ended | |
|---|---|---|---|
| March 31, 2026 | December 31, 2025 | March 31, 2026 | |
| (Audited) | (Unaudited) | (Audited) | |
| Revenue from operations | |||
| IT Infrastructure Solution | 8,974.85 | 9,963.71 | 41,837.24 |
| IT Infrastructure and Application Services | 9,432.57 | 10,046.59 | 45,117.21 |
| Total Revenue from operations | 18,407.42 | 20,010.30 | 86,954.45 |
| Expenses | |||
| Cost of goods sold | |||
| IT Infrastructure Solution | 8,523.58 | 9,217.41 | 37,615.79 |
| IT Infrastructure and Application Services | 6,686.80 | 8,236.99 | 35,757.02 |
| Total Expenses | 15,210.38 | 17,454.40 | 73,372.81 |
| Segment Results | |||
| IT Infrastructure Solution | 451.27 | 746.30 | 4,221.45 |
| IT Infrastructure and Application Services | 2,745.77 | 1,809.60 | 9,360.19 |
| Sub-total | 3,197.04 | 2,555.90 | 13,581.64 |
| Unallocated corporate expenses (net of unallocated income) | 2,605.87 | 2,161.32 | 8,666.92 |
| Finance costs | 217.03 | 148.71 | 522.98 |
| Depreciation and amortisation expense | 637.11 | 327.28 | 1,405.29 |
| Profit/(Loss) before exceptional item and tax for the period / year | (262.96) | (81.41) | 2,986.46 |
| Exceptional item [Debit/(Credit)] (refer note 3) | 444.80 | 1,923.53 | 2,368.33 |
| Profit/(Loss) before tax for the period/ year | (707.76) | (2,004.94) | 618.13 |
| Tax expenses [Debit/(Credit)] | (98.23) | (553.28) | 259.27 |
| Profit/(Loss) after tax for the period / year | (609.53) | (1,451.66) | 358.86 |
-
Segment assets and liabilities - The assets and liabilities used in the Group's business are not identified with any of the operating segments, as these are used interchangeably between the reportable segments. The management of the Group believes that it is currently not practicable to provide segment disclosures relating to total assets and total liabilities.
-
The Audited consolidated financial results of the Group have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Sec 133 of the Companies Act, 2013, as amended, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing obligation and disclosure requirements) Regulations 2015 (the "Regulations").
-
In accordance with Ind AS 108 — 'Operating Segments,' the Group has presented segment information in the Consolidated Financial Results. As a matter of voluntary disclosure and to ensure comparability with previous periods where consolidated results were not applicable, the Company has also provided segment information in the consolidated Financial Results for the quarter and year ended March 31, 2026.
-
a
On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Holding Company has assessed and disclosed the incremental impact of these changes on the basis of legal opinion obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Holding Company has presented such incremental impact under Exceptional item in the unaudited consolidated financial results for the quarter and nine months period ended December 31, 2025. The incremental impact consisting of gratuity of Rs.334.97 lakhs and long-term compensated absences of Rs.73.47 lakhs primarily arises due to change in wage definition. The Holding Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.
b During the quarter ended December 31, 2025, the Holding Company has experienced the loss of a major customer for whom significant cloud-based marketplace support cost and associated committed costs had been incurred. These costs were specifically attributable to the customer's operations and were expected to be amortized over the customer's revenue cycles. As the customer relationship has been discontinued during the current quarter and no future economic benefits are expected to be realized from these costs, the Holding Company has charged off the unamortized balance of Rs.1515.09 lakhs in December 2025 and Rs.440.80 lakhs to the Statement of Audited consolidated Financial Results for the quarter and year ended March 31, 2026. Given the materiality and the specific, non-recurring nature, this amount is presented as an Exceptional Item.
4 a
During the year ended March 31, 2026, the Holding Company acquired stakes in companies as below:
Subsidiary:
The Holding Company acquired a 100% equity stake in Red Hut Innovation Technology Pvt Ltd for a total consideration of Rs. 571.81 lakhs effective 1st November, 2025. Accordingly, its results have been consolidated on a line-by-line basis from the date of acquisition.
Associates:
The Holding Company acquired a 46% equity stake in AIT Internet Services Private Limited and a 46% equity stake in Athena IT & Telecom Private Limited effective 1st December, 2025 for a total consideration of Rs.113.77 lakhs and Rs.77.29 lakhs respectively. These investments have been accounted for using the Equity Method.
The purchase price allocation for these acquisitions has been recorded as per Ind AS 103.
b Since the requirement for consolidation was not applicable to the Group during year ended March 31, 2025, the comparative figures for those periods have not been provided. The current period's consolidated figures are, therefore, not comparable with any prior period reported.
5 The Holding Company has issued Bonus shares in the ratio of 1:10 i.e. 1 (One) fully paid-up equity share of Rs.10/- each for every 10 (Ten) fully paid-up equity shares of Rs.10/- each held by the eligible shareholders as on the Record date of January 5, 2026.
6 The net proceeds from the IPO were INR 10,792.60 lakhs (net of issue expenses). Details of utilization of Net IPO proceeds is as under: (INR in lakhs)
| Particulars | Objects of the issue as per Prospectus | Utilised up to March 31, 2026 | Unutilised Amount as on March 31, 2026 |
|---|---|---|---|
| Acquisition of office premise at Navi Mumbai | 1,034.80 | 1,034.80 | - |
| Funding our Capital Expenditure requirements | 7,965.00 | 4,021.40 | 3,943.60 |
| General corporate purposes | 1,792.80 | 1,792.80 | - |
| Total net proceeds | 10,792.60 | 6,849.00 | 3,943.60 |
Out of the total unutilised gross proceeds from IPO representing Holding company's share as at March 31, 2026, Rs.4400 lakhs are temporarily invested in fixed deposits (inclusive of interest on fixed deposits of Rs.114 lakhs) and Rs.89 lakhs is held in IPO Public Escrow and Monitoring accounts.
7
The Board of Directors, in its meeting held on February 13, 2026, had duly evaluated the status of IPO funds proceeds utilization and recognized the need to extend the timeline to align with the evolving requirements. Accordingly, the Board formally approved the proposal to seek shareholder's consent for an extension of the timeline for utilizing the unspent IPO proceeds by an additional period of one year.
Pursuant to this Board resolution, the Holding Company sought shareholder's approval through a Special Resolution, in compliance with applicable provisions of Companies Act, 2013 and SEBI (ICDR) Regulations. The resolution was passed with the requisite majority via Postal ballot on March 26, 2026, thereby authorizing the extension of the utilization period for the IPO proceeds up to March 31, 2027.
8 The Board took note of the resignation application of Mr. Gourav Modi, Chief Financial Officer of the Holding Company on May 27, 2026 with his last working day being June 25, 2026. The Board of Directors has accepted his resignation and placed on record its appreciation for his valuable contribution and dedicated services rendered during his tenure as a Key Managerial Personnel of the Holding Company.
9
The Holding Company had issued an employment letter to its former CEO providing for remuneration of Rs. 1 and a conditional entitlement to 11 lakh equity shares, subject to approval by the Nomination and Remuneration Committee (NRC). The NRC did not approve the entitlement, and accordingly, no shares were allotted by the Holding Company. Separately, the Promoters transferred 11,95,280 shares to the former CEO under a personal memorandum of understanding, to which the Holding Company is not a party. The Holding Company has recognised notional remuneration for services received at fair value under Ind AS, as determined by the management, with a corresponding credit to Other Equity as Shareholders' Contribution. Further, the former CEO has issued a legal notice claiming entitlement to the shares, which has not been approved by the NRC and is under dispute. Accordingly, no provision has been recognised in the financial statements, and the matter has been disclosed as a contingent liability under Ind AS 37.
10 The result for the quarter and year ended March 31, 2026 are available on the Company website, and on Bombay Stock Exchange Website and National Stock Exchange Website.
11 Figures for previous quarter/period have been regrouped/recasted wherever required to make them comparable.
For Orient Technologies Limited
ORIENT TECHNOLOGIES Annexure-A
Date: May 27, 2026
| To,
The Manager
Listing Department
Bombay Stock Exchange (BSE)
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai - 400 001
Scrip Code: 544235 | To,
The Manager
Listing Department
National Stock Exchange (NSE)
Exchange Plaza, 5th Floor
Plot No. C/1, G-Block
Bandra-Kurla Complex
Bandra (E), Mumbai - 400 051
Symbol: ORIENTTECH |
| --- | --- |
SUBJECT: Declaration with respect to Audit Report with unmodified opinion to the Annual Audited (Standalone and Consolidated) Financial Results for the financial year ended March 31,2026.
Dear Sir/Madam,
Pursuant to the proviso to the Regulation 33(3)(d) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby confirm that M/s. Kirtane & Pandit LLP, Chartered Accountants, (FRN: 105215W/ W100057), Statutory Auditors of the Company have not expressed any modified opinion(s) on the annual audited (Standalone and Consolidated) Financial Results of Orient Technologies Limited for the financial year ended on 31st March, 2026.
Kindly take the same on record.
Thanking you,
For ORIENT TECHNOLOGIES LIMITED
(formerly known as Orient Technologies Private Limited)
Gourav Modi
Chief Financial Officer
ANNEXURE B
Disclosure of details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise | Re-appointment |
| 2. | Date of appointment/re-appointment/cessation & term of appointment/re-appointment | Re-appointed on May 27, 2026 as Internal Auditor of the Company for the financial year 2026-27 to conduct Internal Audit |
| 3. | Brief Profile (in case of appointment) | Santosh G. Ghag & Co., Chartered Accountants, with more than 3 decades of experience in offering comprehensive financial, auditing, tax, and advisory services. Established with a vision to deliver value-based and ethical financial solutions, the firm has consistently upheld the highest standards of integrity and professional excellence. |
| 4. | Disclosure of relationships between the Directors (in case of appointment) | Not Applicable |
ANNEXURE C
Disclosure of details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
| Sr. No | Particulars | Details |
|---|---|---|
| 1 | Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise | Mr. Gourav Modi has tendered his resignation from the post of Chief Financial Officer of the Company. |
| 2 | Date of appointment/re-appointment/cessation & term of appointment/re-appointment | June 25, 2026 |
| 3 | Brief profile (in case of appointment) | Not Applicable |
| 4 | Disclosure of relationships between directors (in case of appointment of a director) | Not Applicable |
Date: March 27, 2026
The Board of Directors,
Orient Technologies Limited
Sub:- Resignation from the post of Chief Financial Officer.
Dear Sir/Madam,
I, Gourav Modi, hereby submit my resignation from the office of Chief Financial Officer of Orient Technologies Limited in order to pursue another career opportunity.
I request that I be relieved of my duties with effect from the close of business hours on 25th June, 2026.
I would like to express my sincere gratitude to the Board and the Management of the Company for their support and guidance during my tenure.
Thanking You,
Yours Sincerely,
Gourav Modi
Chief Financial Officer