Orient Press Limited will hold its 38th Annual General Meeting on September 28, 2026, at 11:30 am. The meeting, conducted via Video Conferencing or Other Audio Visual Means, seeks shareholder approval for the potential sale of its Tarapur factory and the re-appointment of key promoter directors.

Proposed Asset Disposal

The Board proposes to sell, transfer, or lease its factory located at Plot No. G-73, M.I.D.C. Tarapur Industrial Area, Boisar. The transaction requires a minimum consideration of ₹24 crore.

According to the explanatory statement, the Tarapur facility contributed only 5.26% of the company’s total turnover in FY26. However, funds deployed for its operations represented 29.72% of the company’s net worth. The Board argues that disposing of this asset will release capital to reduce interest burdens and mitigate losses. Operations from the Tarapur unit are proposed to be shifted to the company’s Greater Noida facility.

Director Re-appointments

Shareholders will vote on the re-appointment of three promoters as Whole-Time Directors for a three-year term starting in late 2026:

• Mr. Ramvilas Maheshwari: Re-appointed as Managing Director. Basic salary set at ₹1,04,650 per month with perquisites capped at ₹9,25,000 per annum.
• Mr. Rajaram Maheshwari: Re-appointed as Executive Director. Remuneration structure mirrors that of Mr. Ramvilas Maheshwari.
• Mr. Prakash Maheshwari: Re-appointed as Whole-Time Director. Basic salary set at ₹72,450 per month with perquisites capped at ₹6,90,000 per annum.

The company is currently incurring losses. Consequently, these remuneration packages are classified as minimum remuneration under Schedule V of the Companies Act, 2013. A special resolution is also required to approve remuneration exceeding 5% of net profits for these executive directors.

Additional Agenda Items

The AGM agenda includes the ratification of cost auditor remuneration for FY27. M/s Bhanwarlal Gurjar & Co., CMA, Surat, has been appointed as Cost Auditors for the financial year ending March 31, 2027. Their remuneration is set at ₹2,50,000 plus GST and reimbursement of out-of-pocket expenses.

Financial Context

The company reported a loss after tax of ₹117.33 lakh for FY26, an improvement from the ₹277.55 lakh loss recorded in FY25. Total income declined to ₹13,286.90 lakh in FY26 from ₹14,724.93 lakh in the previous year.

What the Numbers Show

The divergence between the Tarapur factory’s revenue contribution (5.26%) and its capital intensity (29.72% of net worth) highlights a significant asset inefficiency. The proposed sale aims to address this imbalance by freeing up trapped capital while consolidating operations into the more productive Greater Noida facility.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE609C01024/6ce3459d-e73e-495a-8ae5-0e7ef995949b.pdf

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.