Oricon Enterprises Limited , a company listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), has witnessed a significant change in its shareholding pattern. Adarsh Somani, along with associated persons, has substantially increased their collective stake in the company from 30.60% to 40.39%.

Key Highlights of the Transaction

• Adarsh Somani acquired 11,569,000 shares, representing a 7.37% stake, through off-market transactions.
• His individual holding in Oricon Enterprises has risen from 2.68% to 10.05%.
• The promoter group, which includes 11 entities comprising family members, trusts, HUFs, and companies, now holds a 40.39% stake in the company.

Details of the Acquisition

Adarsh Somani's personal shareholding saw a significant jump:

The off-market deal has resulted in a substantial increase in the promoter group's overall stake:

Impact on Company's Equity

As a result of this transaction, Oricon Enterprises' equity share capital has increased:

• Before the acquisition: INR 3,141.49 lakhs
• After the acquisition: INR 3,414.49 lakhs

Other Notable Shareholders

While Adarsh Somani's stake saw the most significant increase, other key shareholders in the promoter group include:

• Hazarimal Somani Partnership Firm: 23.55%
• Mridula Somani: 3.19%
• Nupur Somani: 1.19%
• Adarsh Somani HUF: 1.04%

Regulatory Compliance

The disclosure of this transaction was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires prompt disclosure of any substantial change in shareholding to ensure transparency in the stock market.

This significant increase in promoter holding could potentially impact the company's decision-making processes and may be viewed as a sign of confidence in Oricon Enterprises' future prospects by the promoter group.

Oricon Enterprises Limited is set to witness a significant change in its shareholding structure as Adarsh Somani, along with Hazarimal Somani Partnership Firm and other persons acting in concert, prepare to acquire a substantial stake in the company.

Key Details of the Acquisition

• Stake Size: 1.61 crore shares, representing 10.31% of Oricon Enterprises Limited
• Transaction Date: September 1, 2025
• Share Price: Rs 54.54 per equity share or prevailing market price at the time of transfer
• Acquirers: Hazarimal Somani Partnership Firm, Adarsh Somani, and other persons acting in concert
• Sellers: Eight entities including Parijat Shipping and Finale Limited, Oriental Enterprises Partnership Firm, and Sarvamangal Mercantile Company Limited

Transaction Breakdown

The acquisition involves a mix of purchased shares and shares transferred as gifts:

Rationale and Impact

The primary objective of this transaction is to resolve family disputes and settle inequalities in the family business partition. By executing this transfer, the involved parties aim to:

• Put an end to family disputes
• Buy peace within the family
• Address differences arising from inter-se family disputes
• Settle inequalities in the partition of the family business
• Preserve family property by avoiding litigation
• Safeguard the family's honor

Shareholding Changes

Post-transaction, the shareholding structure of Oricon Enterprises will undergo significant changes:

• Acquirer Group: Shareholding will increase from 30.60% to 40.91%
• Seller Group: Shareholding will decrease from 11.93% to 1.61%

Regulatory Compliance

The acquirers have declared that they will comply with all applicable disclosure requirements under Chapter V of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. They have also confirmed that the acquisition price will not exceed 25% of the volume-weighted average market price for the 60 trading days preceding the notice date.

This strategic move is expected to streamline the ownership structure of Oricon Enterprises Limited and potentially bring stability to the company's operations by resolving long-standing family disputes.