Orient Press board of directors approved the disposal of its Boisar factory for a minimum consideration of ₹24 crore. The transaction, which requires shareholder ratification, aims to fund working capital and future expansion programs.

The unit contributed ₹673.39 lakh in turnover during FY26, representing 5.26% of the company’s consolidated revenue. Its net worth stood at ₹1,917.61 lakh as on March 31, 2026, accounting for 29.72% of the group’s total net worth.

Key Board Resolutions

The board addressed several critical agenda items during the session held on August 25, 2026. Key decisions included:

• Factory Disposal: Approval to sell, transfer, lease, or otherwise dispose of the facility situated at Plot No. G-73, MIDC Tarapur Industrial Area, Boisar. The expected minimum consideration is ₹24 crore.
• Financial Approvals: Adoption of the Board’s Report on Financial Statements for FY26.
• Capital Raising: Authorization to issue a circular for fixed deposits to members.
• AGM Logistics: Fixing September 21, 2026, as the cut-off date for determining voting eligibility. The 38th Annual General Meeting is scheduled for September 28, 2026.

Transaction Details

In compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, detailed disclosures regarding the proposed factory transaction were filed with stock exchanges. The company had previously apprised exchanges in May 2026 regarding the relocation of operations from Tarapur to its Greater Noida facility.

Proceeds from the sale will be utilized towards working capital requirements, repayment of partial working capital limits availed from banks, and general business purposes. The buyer will not be a promoter or part of the promoter group. The agreement for sale will be entered into only after shareholder approval.

Orient Press reported a widened net loss of ₹125.26 lakh for the quarter ended June 30, 2026, signaling continued operational challenges as total income from operations contracted significantly year-on-year. The printing and packaging firm saw its revenue drop to ₹2,152.77 lakh in Q1FY26, down from ₹2,624.59 lakh in the corresponding quarter of FY25, a decline of roughly 18%. This contraction in top-line growth directly impacted profitability, pushing the net loss before tax to ₹170.02 lakh, up from a loss of ₹110.07 lakh in the prior year period.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 11, 2026. The unaudited standalone financial results were filed with the stock exchanges pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under Section 133 of the Companies Act, 2013.

Financial Performance Overview

The decline in revenue was accompanied by a deterioration in earnings per share (EPS). Basic and diluted EPS stood at ₹(1.25) per share for the quarter, worsening from ₹(0.79) per share in Q1FY25. For the full fiscal year ended March 31, 2026, the company reported a total income of ₹12,813.94 lakh but concluded the year with a net loss after tax of ₹117.33 lakh. The equity share capital remained unchanged at ₹1,000.00 lakh.

What the Numbers Show

The widening loss despite a significant drop in revenue suggests fixed cost burdens or margin compression that did not scale down proportionally with sales. In the previous quarter (Q4FY26), the company had reported a net profit before tax of ₹45.10 lakh on income of ₹3,229.58 lakh, indicating that the downturn is specific to the first quarter of FY26 or reflects seasonal variability in demand. The total comprehensive income for the quarter also turned negative at ₹(125.64) lakh, compared to a positive ₹38.87 lakh in the preceding quarter, highlighting the volatility in the company’s recent performance trajectory.