Orosil Smiths India Limited has received a partial payment of ₹1.00 crore from the buyer towards the remaining sale consideration for its Noida property, marking a positive development following a significant payment default crisis.

Original Property Deal Structure

The company had entered into an agreement to sell its property located at A-89, Sector-2, Noida – 201301 to Mr. Sanidhya Garg for a total consideration of ₹27.00 crore. The original payment structure included:

Payment Default Crisis

The transaction faced a major setback when all four post-dated cheques totaling ₹20.00 crore were returned unpaid due to insufficient funds:

Recent Payment Recovery

In a positive development, the company has now received an additional payment of ₹1.00 crore from Mr. Sanidhya Garg towards the remaining sale consideration. This payment comes after the company's efforts to pursue the matter and protect its interests following the earlier default.

Current Payment Status

Regulatory Compliance and Future Updates

The company has been maintaining transparency through regular communications to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. OSIL has committed to informing the stock exchange about further developments in this property sale transaction as they occur.

This partial payment recovery demonstrates the company's ongoing efforts to resolve the payment default situation and secure its financial interests in the property transaction.

Orosil Smiths India Limited , a jewelry company, has witnessed continued increase in its promoter group shareholding following consecutive open market acquisitions. BK Narula HUF, part of the promoter group, has made its fourth acquisition within two weeks, bringing its total stake to 13.32%.

Recent Acquisition Activity

The promoter group has demonstrated sustained buying interest with four acquisitions in quick succession over twelve days. The latest disclosure shows BK Narula HUF acquired additional shares on December 29, 2025, continuing its pattern of regular share purchases.

Latest Acquisition Details

The most recent transaction completed on December 29, 2025, represents the largest single acquisition in the recent series. The official disclosure was filed on December 30, 2025, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Updated Shareholding Pattern

The cumulative effect of recent acquisitions has resulted in a steady increase in BK Narula HUF's shareholding:

Company Share Capital Structure

The company's equity share capital remains unchanged following all transactions:

Regulatory Compliance

All disclosures were made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates prompt disclosure of any change in shareholding that crosses specified thresholds. The latest disclosure was filed with BSE Limited and the company's compliance officer on December 30, 2025, by B.K. Narula as Karta of BK Narula HUF.

Company Overview

Orosil Smiths India Limited operates in the diamond, gems and jewelry sector and is classified as a small-cap company with a market capitalization of ₹25.84 crores.