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19 Aug 20261 filing
Meeting Details
- Date: August 13, 2026
- Type/Mode: Virtual group earnings call
- Organizer: Concept Investor Relations
- Key company participants: Chairman & Managing Director; Chief Financial Officer
- Purpose: Discuss Q1 FY27 results
- Transcript availability: Post-results transcript enclosed
- Audio recording availability: On stock exchanges and company website from Aug 10, 2026
14 Aug 20261 filing
Meeting Details
- Post-results conference call for Q1 ended June 30, 2026.
- Original meeting was an audio group call; recording released on company website.
Participants
- Company management participated; no specific roles or names disclosed.
Purpose
- Post-results discussion of Q1 FY2026 financial results.
Additional Notes
- Audio recording is available on the company website; no links provided.
12 Aug 20265 filings
IPO proceeds utilisation
- Mode of fund raising: Public Issue.
- Date of fund raising: August 28, 2024.
- Total funds raised: Rs 214.76 crore; net proceeds Rs 107.93 crore.
- Original allocations: Rs 120.00 crore across four objects.
- Funds utilised as of 30 Jun 2026: Rs 81.09 crore.
- Status of utilisation: Partly utilised.
- Monitoring agency: CARE Rating Limited.
- Deviation status: No deviation/variation in use of funds raised.
- Quarter end: June 30, 2026.
Issue Overview
- IPO of equity shares; proceeds allocated to capex, general corporate purposes, Navi Mumbai office, and issue expenses.
- IPO size; no undersubscription; no revision in net proceeds.
- Main use of proceeds: capex, general corporate purposes, office premises, and issue expenses.
Utilisation of Proceeds
- Utilisation not fully as disclosed; delays in capex and general corporate purposes.
- FY27 extension approved for unutilised proceeds; deployment timeline extended via shareholder resolutions.
- Capex object 57% utilised; 43% remaining to be deployed by 31-Mar-2027.
- Navi Mumbai office premises: completion delayed by 44 days.
- General corporate purposes: 275-day delay; end-date extended.
- Issue expenses: partial utilisation; balance unutilised.
- Unutilised funds held in fixed deposits and accounts; total unutilised around 38.91 crore.
- Means of finance unchanged; GCP not utilised in the quarter.
Governance and Compliance
- Shareholder approvals obtained via Special Resolutions dated 30 Mar 2025 and 26 Mar 2026.
- Government/statutory approvals not applicable for the objects.
- Material events: PBILDT margin declined; PAT margin fell due to exceptional items.
- Loss of a major customer and higher hardware costs affecting viability.
- Judgments indicate 57% capex utilization as of 30 Jun 2026; 43% to deploy by 31 Mar 2027.
GCP
- GCP not utilised in the quarter; total allocated for GCP remains undrawn.
- Board approval for GCP allocations not specifically reported.
Business Overview
- IT services firm offering IT infrastructure, cloud, digital transformation, and cybersecurity services.
- Ventured into DaaS; launched Cybersecurity, Digital Forensics, and Remote Infrastructure Management.
- Pan-India footprint with UAE and Singapore global presence.
- Public listing completed in 2024.
Operational Highlights
- Q1 FY27 revenue ₹201.92 crore, up 9.70% QoQ.
- EBITDA ₹15.42 crore; margin 7.57%, up 438 bps QoQ.
- EPS ₹1.13 vs ₹-1.09 in Q4 FY26.
- Order book ₹375.43 crore as of Aug 12, 2026; billable in FY27.
- Key wins: ₹20 crore public-sector insurance, ₹24 crore general insurance cloud engagement.
- OHMS 2.0 launched to modernize managed services.
- Cloud and data management revenue share rose to 24.07% FY25.
Financial Performance
- Revenue from operations ₹201.92 crore in Q1 FY27, up 9.70% QoQ.
- EBITDA ₹15.42 crore; EBITDA margin 7.57%.
- EPS ₹1.13; vs ₹-1.09 in Q4 FY26.
- Order book visibility ₹375.43 crore for FY27.
Strategic Outlook & Growth
- DaaS growth focus alongside cloud and data management expansion.
- Geographic expansion to broaden global client base beyond India.
- OHMS 2.0 to drive integrated IT management outcomes.
- Public listing supports growth; capital markets access emphasized.
Geographic Footprint & Capabilities
- Pan-India offices with UAE and Singapore operations.
- Certifications include CMMI Level 3, ISO 9001, 27001, 22301.
- Dell International Services India is a marquee customer.
Governance & Leadership
- Chairman & MD Ajay Sawant leads Orient Technologies.
- Independent directors include Greena Karani, Monica Bhatia, Viren Shah.
- Senior management includes CSO Yashashree Parab and CTO Suresh Bachwani.
Financial Highlights
- Consolidated Revenue from Operations: ₹201.92 crore, +9.70% QoQ
- EBITDA: ₹15.42 crore, +161% QoQ
- EBITDA margin: 7.57%, +438 bps QoQ
- EPS: ₹1.13; return to positive after ₹-1.09 in Q4 FY26
- Order Book: ₹375.43 crore as of Aug 12, 2026
Key Wins
- ₹20 crore engagement with leading public-sector insurance company
- ₹24 crore cloud engagement with leading general insurance company
Leadership & Governance
- Shailesh G. Mandani appointed Chief Financial Officer
- Sayli Munj appointed Company Secretary and Compliance Officer
Outlook
- Order book ₹375.43 crore as of 12 August 2026, billable in FY27
- Pipeline of enterprise opportunities across key verticals remains robust
- Focus on cloud, cybersecurity, managed services and digital transformation
Operational Highlights
- OHMS 2.0 launched to enhance managed services and integration
- Cybersecurity and digital forensics capabilities expanded across offerings
Financial results approved
- Approved unaudited standalone and consolidated results for quarter ended June 30, 2026; Limited Review Reports issued.
AGM scheduled
- 29th AGM for year ended 31 March 2026 on 23 September 2026 via video conference.
KMP changes
- Renuka Patel resigned as Interim Company Secretary and Compliance Officer, effective Aug 11, 2026; becomes Deputy Company Secretary.
- Shailesh Mandani appointed CFO, effective Aug 12, 2026.
- Sayli Munj appointed Company Secretary and Compliance Officer, effective Aug 12, 2026.
IPO proceeds utilisation
- IPO net proceeds: INR 10,792.60 lakhs; utilised 7,333.00; unutilised 3,459.60 as of 30 Jun 2026.
- Unutilised IPO proceeds invested in fixed deposits and IPO escrow.
9 Jul 20261 filing
Dematerialisation status and certificate actions
- Securities received for dematerialisation were confirmed to depositories; listed on the exchanges where previously listed.
- Physical certificates for dematerialisation were mutilated and cancelled after verification.
- Depository's name was substituted as registered owner in records within prescribed timelines.