Oricon Enterprises Limited has filed revised disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following observations from BSE Limited regarding incomplete details in earlier submissions.

Regulatory Compliance Update

The company submitted revised disclosures to both BSE Limited and National Stock Exchange of India Limited addressing BSE's observations about missing information in previous filings. The incomplete details specifically related to the date of acquisition/sale and the equity share capital of the company in disclosures concerning inter-se transfers amongst the promoter group.

Revised Disclosure Details

The revised submissions cover two key disclosures:

Adarsh Somani & PACs Transaction:

• Original disclosure dated September 09, 2025
• Transaction period: September 3-4, 2025
• Mode: Off-market acquisition

Namrata Somani & PACs Transaction:

• Original disclosure dated September 10, 2025
• Transaction period: September 3-4, 2025
• Mode: Off-market sale

Company Share Capital Information

The revised disclosures clarify that the company's equity share capital remained unchanged throughout the transaction period:

Key Promoter Group Entities

The transactions involved multiple entities within the promoter group, including family members, HUFs, trusts, and companies such as Hazarimal Somani Partnership Firm, Kopran Lifestyle Limited, Venkatesh Karrier Limited, and various family trusts.

This regulatory filing ensures complete transparency and compliance with SEBI requirements for substantial shareholding changes in listed companies.

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.