Oricon Enterprises promoter holding stands at 65.70% in Q4FY26

1 min read     Updated on 23 Jun 2026, 01:39 AM
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AI Summary

Oricon Enterprises disclosed that its promoters held 65.70% of the total share capital, or 10,31,85,059 shares, as on March 31, 2026. The company confirmed that all shares held by the promoter group are free from any encumbrance, with no pledges made during the financial year ended March 31, 2026.

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Oricon Enterprises disclosed that its promoters held 65.70% of the total share capital, or 10,31,85,059 shares, as on March 31, 2026. The company confirmed that all shares held by the promoter group are free from any encumbrance, with no pledges made during the financial year ended March 31, 2026.

The disclosure was made to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing details the individual holdings of promoter group members and persons acting in concert with them.

Shareholding Breakdown

The shareholding pattern lists significant individual holdings within the promoter group. Rajendra Somani (belonging to Hazarimal Somani A/c - Partnership Firm) holds the largest stake at 14.13%, followed by Susheel Somani (belonging to S.K. Somani A/c Partnership Firm) at 10.06% and Adarsh Somani at 10.05%.

Name of Shareholder Number of Shares % of Total Shares
Rajendra Somani (Hazarimal Somani A/c) 2,21,97,845 14.13
Susheel Somani (S.K. Somani A/c) 1,58,01,097 10.06
Adarsh Somani 1,57,76,952 10.05
Adarsh Somani (Hazarimal Somani A/c) 1,09,81,525 6.99
Sujata Parekh Kumar 50,78,480 3.23
Mridula Somani 50,13,025 3.19
Hridai Susheel Somani 40,85,675 2.60
Sarvamangal Mercantile Company Limited 36,10,500 2.30
Bigflex Enterprises Private Limited 31,00,390 1.97
Suhrid Somani 32,64,855 2.08
Total 10,31,85,059 65.70

The filing was submitted by Suhrid Somani on behalf of all promoters and the promoter group of Oricon Enterprises . Copies of the disclosure were sent to the Audit Committee and the Company Secretary & Compliance Officer of the company.

Historical Stock Returns for Oricon Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
-0.77%+2.08%-6.29%-5.84%+25.62%+96.79%

Does the unencumbered status of the promoter holdings suggest confidence in the company's future or potential for raising capital?

Are there any strategic plans by the promoter group to further increase their stake in the near future?

How might this high promoter concentration influence governance and decision-making at Oricon Enterprises?

Oricon Enterprises corrects Nomination & Remuneration Committee composition

1 min read     Updated on 08 Jun 2026, 11:52 AM
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Oricon Enterprises confirmed no material reasons for Sumant Mimani's resignation and corrected a typo in the Nomination & Remuneration Committee composition, naming Shravan Kumar Malani as a member.

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Oricon Enterprises confirmed to BSE Limited on June 08, 2026, that there were no material reasons for the resignation of Independent Director Mr. Sumant Mimani other than those already disclosed. The clarification was provided in response to a request from the exchange seeking additional details regarding the director's departure under Regulation 30 of the SEBI (LODR) Regulations, 2015.

The company stated that Mr. Sumant Mimani (DIN: 01251535) does not hold any directorship in any other listed entities. Additionally, Oricon Enterprises addressed a typographical error in a previous announcement concerning the members of its Nomination & Remuneration Committee (NRC).

The correction involved replacing the name of Mr. Bal Mukand Gaggar with Mr. Shravan Kumar Malani. The updated composition of the committee was submitted to the exchange for record.

Nomination & Remuneration Committee Composition

Sr. No. Name of Committee members Category of Director Chairperson/Member
1 Mrs. Mamta Biyani Non-Executive Independent Director Chairperson
2 Mr. Ramkishore Singhi Non-Executive Independent Director Member
3 Mr. Shravan Kumar Malani Non-Executive Independent Director Member

The disclosure was signed by Sanjay Jain, Company Secretary & Compliance Officer of Oricon Enterprises.

Historical Stock Returns for Oricon Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
-0.77%+2.08%-6.29%-5.84%+25.62%+96.79%

Who will be appointed to fill the vacancy left by Mr. Sumant Mimani on the board?

What impact will the recent changes in the Nomination & Remuneration Committee have on the company's executive compensation policies?

Will the company provide further details on the specific reasons behind Mr. Mimani's resignation in future disclosures?

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1 Year Returns:+25.62%