Oricon Enterprises promoter Mridula Somani increased her shareholding to 3.80% following an open market acquisition on September 29, 2026.

The disclosure, filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the purchase of 9,70,000 equity shares. This transaction raised her total holding from 3.19% to 3.80% of the company's total voting capital.

Shareholding Details

The acquisition was executed entirely through the open market mechanism. No encumbrances such as pledges or liens were involved in the transaction. The total diluted share capital of the company remained unchanged at 15,70,47,715 equity shares before and after the acquisition.

Regulatory Disclosure

Mridula Somani belongs to the promoter group of Oricon Enterprises. The filing confirms that no voting rights were acquired otherwise than by shares, nor were any warrants or convertible securities involved. The date of acquisition was recorded as September 29, 2026, with the disclosure submitted to BSE Limited and National Stock Exchange of India Ltd on September 30, 2026.

Oricon Enterprises adopted its standalone and consolidated audited financial statements for the year ended March 31, 2026, during its 56th Annual General Meeting (AGM) held on September 29, 2026. The meeting also approved the declaration of a dividend on equity shares for the fiscal year.

The virtual meeting, conducted via Video Conferencing/Other Audio-Visual Means, commenced at 1:00 pm. Mr. Bal Mukand Gaggarr, Joint Managing Director cum Chief Financial Officer, served as the Chairman. The requisite quorum was present with 44 members attending virtually.

Key resolutions passed

Shareholders approved four ordinary and special resolutions during the session. The agenda included the adoption of financial statements, dividend declaration, and director re-appointments.

Governance updates

The board proposed the re-appointment of Mr. Prashant Mantri (DIN: 02160348) as a director liable to retire by rotation. Additionally, shareholders approved the re-appointment of Mr. Shravan Kumar Malani (DIN: 00302995) as an Independent Director for a second consecutive term of five years via a special resolution.

The Audit Report and Secretarial Audit Report for FY26 contained no qualifications, observations, or adverse remarks. Consequently, these reports were taken as read with the permission of the members.

Meeting proceedings

Mr. Sanjay Jain, Company Secretary and Compliance Officer, welcomed the participants and confirmed compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars regarding virtual meetings. Remote e-voting facilities were provided from September 26 to September 28, 2026. Voting results will be communicated separately following the submission of the Scrutinizer's report.