Orient Tech Shares Soar 13% on 1:10 Bonus Issue Approval

• Orient Technologies shares surged over 13% to Rs 373.95 on December 30 after announcing a 1:10 bonus share issue.
• Shareholders approved the proposal for 10 bonus shares for every 1 share held via postal ballot, following board approval in November.
• The bonus issue will be funded by capitalizing ₹4.16 crore from the Securities Premium Account; record date is yet to be announced.
• Bonus shares increase stock liquidity and affordability, reflecting strong financials and management confidence in future growth.
• Chairman Ajay Sawant highlighted shareholder confidence and plans to invest in cloud, cybersecurity, and managed services.

Why It Matters: Orient Tech's 1:10 bonus issue approval fueled a 13% stock surge, signaling strong investor confidence.