The Board of Orient Electric at its meeting held on 30 May 2024 has accepted the resignation of Desh Deepak Khetrapal (DIN: 02362633) as Director and from the position of Vice Chairman & Managing Director of the Company, to be effective from the close of business hours on 30 May 2024.The Board also approved the appointment of Ravindra Singh Negi (DIN: 10627944) as the Managing Director and CEO of the Company for a period of five (5) years effective from 31 May 2024.Powered by Capital Market - Live News

Net profit of Orient Electric declined 48.01% to Rs 12.80 crore in the quarter ended March 2024 as against Rs 24.62 crore during the previous quarter ended March 2023. Sales rose 19.72% to Rs 787.66 crore in the quarter ended March 2024 as against Rs 657.91 crore during the previous quarter ended March 2023.For the full year,net profit declined 0.76% to Rs 75.27 crore in the year ended March 2024 as against Rs 75.85 crore during the previous year ended March 2023. Sales rose 11.19% to Rs 2812.12 crore in the year ended March 2024 as against Rs 2529.17 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales787.66657.91 20 2812.122529.17 11 OPM %3.907.05 -5.135.97 - PBDT28.9746.58 -38 136.60155.44 -12 PBT13.4932.84 -59 77.58101.94 -24 NP12.8024.62 -48 75.2775.85 -1 Powered by Capital Market - Live News

Orient Electric announced that the Board of Directors of the Company at its meeting held on 09 May 2024, has recommended a Final dividend of Rs.0.75 per share (i.e.75%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Orient Electric will hold a meeting of the Board of Directors of the Company on 9 May 2024.Powered by Capital Market - Live News

Orient Electric announced that the Board of Directors of the Company at its meeting held on 1 February 2024, inter alia, have recommended the interim dividend of Rs 0.75 per equity Share (i.e. 75%) , subject to the approval of the shareholders.Powered by Capital Market - Live News