Oricon Enterprises sells Oriental Containers stake for ₹3,99,950

Oricon Enterprises Limited sold its entire equity shareholding in Oriental Containers Limited on July 8, 2026, for a total consideration of ₹3,99,950. The transaction resulted in Oriental Containers Limited ceasing to be a subsidiary of the company effective immediately. The sale was disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The buyers included Adarsh Somani, Mridula Somani, Nupur Somani, Yashh Somani, Krrish Somani, Venkatesh Karriers Limited, and Hazarimal Somani (Partnership Firm). The company confirmed that the transaction falls within related party transactions and was conducted at arm's length. All buyers belong to the promoter and promoter group, except Yashh Somani and Krrish Somani.

Financial Details of the Subsidiary

Oriental Containers Limited was classified as a non-material subsidiary. For the financial year ending March 31, 2026, the subsidiary reported total revenue including other income of NIL and a net worth of ₹3,37,677.

Transaction Particulars

The specific details of the divestment are outlined below:

Particulars	Details
Date of Sale	July 8, 2026
Consideration Received	₹3,99,950
Buyers	Adarsh Somani, Mridula Somani, Nupur Somani, Yashh Somani, Krrish Somani, Venkatesh Karriers Limited, Hazarimal Somani (Partnership Firm)
Promoter Group Connection	Yes, except Yashh Somani and Krrish Somani
Related Party Transaction	Yes, conducted at arm's length

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.40%	-7.76%	-3.32%	-14.68%	+20.89%	+97.59%

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.