Orient Tech Shares Soar 13% on 1:10 Bonus Issue Approval; What it Means for Investors

• Orient Technologies shares surged over 13% after shareholders approved a 1:10 bonus issue, pushing the stock to Rs 373.95.
• The bonus issue, approved via Postal Ballot, signifies investor confidence in Orient Tech's financial discipline and strategic growth in high-tech segments.
• This corporate action involves capitalizing Rs 4.16 crore from the Securities Premium Account; the record date for eligibility is yet to be announced.
• Bonus shares reward existing shareholders, increase stock liquidity, make it more affordable, and reflect the company's strong financials and growth potential.
• CMD Ajay Sawant stated the bonus issue reflects balance sheet strength, consistent execution, and a long-term vision for sustainable value creation.

Why It Matters: Orient Tech's 1:10 bonus issue approval boosted shares, signaling strong financials and future growth.