Orient Technologies Shareholders Approve 1:10 Bonus Shares; Stock Jumps 10%

• Orient Technologies shareholders approved a 1:10 bonus share issue, its first since listing last August.
• Eligible shareholders will receive one bonus share for every ten shares held, with the record date to be determined.
• The company will capitalize ₹4.16 crore from its Securities Premium Account for the bonus issue.
• Over 82,000 retail shareholders, holding a 22.1% stake, are set to benefit from this decision.
• Following the approval, Orient Technologies' shares surged 10% to ₹364 on Tuesday.

Why It Matters: Orient Technologies' 1:10 bonus share approval rewards over 80,000 retail investors, boosting stock.