Oricon Enterprises receives reclassification requests from promoter group
Oricon Enterprises received requests from 17 members of its promoter and promoter group to reclassify as public shareholders. The requests, dated May 26, 2026, cover an aggregate shareholding of approximately 6.42% of the company's paid-up share capital. The reclassification letters will be placed before the board in the meeting scheduled for May 29, 2026.
*this image is generated using AI for illustrative purposes only.
Oricon Enterprises has received requests from several members of its promoter and promoter group to reclassify their status to public shareholders. These requests, dated May 26, 2026, were submitted in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification affects a total of 17 shareholders, with individual holdings ranging from 0 shares to 50,78,480 shares.
The aggregate shareholding of the entities seeking reclassification amounts to approximately 6.42% of the company's paid-up share capital. Key shareholders requesting the change include Sujata Parekh Kumar, who holds 50,78,480 shares representing 3.23%, and Sarvanmangal Mercantile Company Limited, holding 36,10,500 shares or 2.30%. Other significant requests come from Varun Surendra Somani (HUF) with 8,17,380 shares (0.52%) and Parijat Shipping and Finale Limited with 1,69,400 shares (0.11%).
The reclassification letters will be placed before the board of directors of Oricon Enterprises in the immediate next board meeting scheduled for May 29, 2026. The company stated that further actions will be taken in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable laws.
Shareholders Seeking Reclassification
The following table details the members of the promoter and promoter group who have requested reclassification:
| S. No. | Name | Category | No. of Shares | Shareholding (%) |
|---|---|---|---|---|
| 1. | Surendra Somani | Promoter | 0 | 0.00% |
| 2. | Varun Somani | Promoter Group | 0 | 0.00% |
| 3. | Namrata Somani | Promoter Group | 0 | 0.00% |
| 4. | Vandana Somani | Promoter Group | 17,500 | 0.01% |
| 5. | Varun Surendra Somani (HUF) | Promoter Group | 8,17,380 | 0.52% |
| 6. | Surendra Somani (HUF) | Promoter Group | 0 | 0.00% |
| 7. | Parijat Shipping and Finale Limited | Promoter Group | 1,69,400 | 0.11% |
| 8. | Surendra Somani (holding shares on behalf of Oriental Enterprises Partnership Firm) | Promoter group | 27,540 | 0.02% |
| 9. | Sarvanmangal Mercantile Company Limited | Promoter Group | 36,10,500 | 2.30% |
| 10. | Balkishan U Toshniwal (HUF) | Promoter Group | 13,000 | 0.01% |
| 11. | Sujata Parekh Kumar | Promoter Group | 50,78,480 | 3.23% |
| 12. | Anandita Sunil Parekh | Promoter Group | 1,00,220 | 0.06% |
| 13. | Arundhati Sunil Parekh | Promoter Group | 1,00,220 | 0.06% |
| 14. | Parekh Integrated Services Private Limited | Promoter Group | 0 | 0.00% |
| 15. | Sunil Khanna | Promoter Group | 737 | 0.00% |
| 16. | Sarita Khanna | Promoter | 1,60,663 | 0.10% |
| 17. | Sanjay Dosi | Promoter Group | 100 | 0.00% |
The intimation was signed by Sanjay Jain, Company Secretary and Compliance Officer of Oricon Enterprises Limited.
Historical Stock Returns for Oricon Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.23% | +0.06% | +0.20% | +10.12% | +53.44% | +147.92% |
How will the reduction in promoter holding impact the company's corporate governance structure and strategic decision-making?
What is the rationale behind the promoter group's decision to reduce their stake at this specific time?
Will the reclassification trigger any changes in the company's compliance requirements or market float?
19
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
