Orient Press board of directors approved the disposal of its factory located in Boisar, Maharashtra, during a meeting held on August 25, 2026. The resolution requires shareholder approval at the upcoming annual general meeting.

The company also approved its financial statements for the fiscal year ended March 31, 2026, along with a circular for fixed deposits to be sent to members. The 38th Annual General Meeting is scheduled for September 28, 2026, to be conducted via video conferencing or other audio-visual means.

Key Board Resolutions

The board addressed several critical agenda items during the session, which commenced at 12:15 pm and concluded at 1:45 pm. 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. This action is subject to shareholder ratification.
• 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.

Regulatory Compliance and Disclosures

In compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, detailed disclosures regarding the proposed factory transaction were filed separately with the stock exchanges on the same day. The Annual Report for FY26, comprising the Notice of AGM, Financial Statements, Board’s Report, and Auditors’ Report, will be dispatched electronically to members who have registered email addresses with depositories.

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.