Orient Press Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, confirming adherence to key securities regulations. The report, filed with BSE Limited and National Stock Exchange of India Ltd, verifies compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable guidelines during the review period.

The audit was conducted by M/s. V.K. Mandawaria & Co., Practicing Company Secretaries, to verify the company's compliance with provisions of the SEBI Act, 1992, and the Securities Contracts (Regulation) Act, 1956. The report clarifies that the certification is neither an audit nor an expression of opinion on financial records, but a verification of procedural compliances.

Compliance Status and Observations

The practicing company secretary reported that the listed entity complied with the examined regulations during FY26. However, the filing detailed actions taken regarding observations from the previous year's report. Specifically, a delay of two days in the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee occurred during the prior financial year.

Consequently, the BSE and NSE stock exchanges imposed a fine of ₹12000 each on the company. The management response indicated that remedial action was not required as the lapse was a one-time event remediated immediately.

Key Regulatory Checkpoints

The report provided a status update on various compliance requirements, confirming that the company met standards for secretarial audits, policy adoption, and website disclosures. The following table summarizes the compliance status for specific regulatory areas:

The company confirmed that no actions were taken against it, its promoters, or directors by SEBI or the stock exchanges during the review period. Additionally, there were no resignations of statutory auditors, and no additional non-compliances were observed for any SEBI regulations or circulars.

Orient Press Limited will partially shift operations of its flexible packaging factory located at Tarapur, Maharashtra to its facility in Greater Noida, Uttar Pradesh effective June 2026. The company decided on May 28, 2026, to relocate the unit to enhance operational efficiency, achieve economies of scale, and improve the performance of its flexible division. The Tarapur unit, situated at G-73, MIDC, manufactures flexible packaging products and will move to Plot No. 103, Kasna Ecotech I Extension, Gautam Buddha Nagar.

Operational Impact

The turnover of the Tarapur unit for the financial year 2025-26 was ₹673.39 lakh, representing 5.26% of the consolidated turnover of ₹12,813.94 lakh. The net worth of the unit as on March 31, 2026, stood at ₹1,917.61 lakh, accounting for 29.72% of the company's net worth of ₹6,452.03 lakh. The net worth of the unit was calculated based on capital employed, defined as segment assets minus segment liabilities excluding unallocated liabilities.

Financial Context

The relocation follows the company's annual audited financial results for FY26, where Orient Press reported a net loss of ₹117.33 lakh compared to a loss of ₹277.55 lakh in the previous year. Revenue from operations for FY26 stood at ₹12,813.94 lakh, a decrease from ₹14,253.66 lakh in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹29.84 lakh compared to a net loss of ₹52.02 lakh in the corresponding period of the previous year.

Compliance and Governance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. Sarda & Pareek LLP, issued an audit report with an unmodified opinion on the standalone financial results. The Board of Directors re-appointed M/s. Shambhu Gupta & Co., Chartered Accountants, as the internal auditors for FY 2026-2027.