News Stocks Oricon Enterprises Announces Major Board Restructuring with Three New Director AppointmentsOricon Enterprises Announces Major Board Restructuring with Three New Director Appointments
Oricon Enterprises Limited has restructured its board with three new director appointments effective February 01, 2026. Mr. Ramkishore Singhi joins as Independent Director, Mr. Bal Mukand Gagggar as Joint Managing Director-cum-CFO, and Mr. Prashant Mantri as Executive Director. The board also accepted Mr. Balkishan Udairam Toshniwal's resignation as Executive Director due to health concerns. All changes are subject to shareholder approval.
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Oricon Enterprises Limited has announced a comprehensive board restructuring following its board meeting held on January 27, 2026. The company has made three key director appointments while accepting one resignation, all effective from February 01, 2026.
New Director Appointments
The board, upon recommendation of the Nomination and Remuneration Committee and subject to shareholder approval, has appointed three new directors to strengthen its leadership team.
| Position | Name | DIN | Term |
|---|---|---|---|
| Independent Director | Mr. Ramkishore Singhi | 01749266 | 5 years |
| Joint Managing Director-cum-CFO | Mr. Bal Mukand Gagggar | 02324428 | 5 years |
| Executive Director | Mr. Prashant Mantri | 02160348 | 5 years |
Leadership Profiles
Mr. Ramkishore Singhi brings over 35 years of experience in the real estate sector, with extensive exposure to legal and commercial matters. He is a Commerce graduate who will serve as an Independent Director for a five-year term.
Mr. Bal Mukand Gagggar has been associated with Oricon Enterprises since 1995, accumulating over three decades of experience in accounts, finance, taxation, treasury, and corporate management. He joined the company as an Accountant and progressed through various roles before being appointed as Chief Financial Officer. His new role combines the positions of Joint Managing Director and Chief Financial Officer.
Mr. Prashant Mantri holds a Bachelor of Engineering degree from the University of Mumbai and brings over 25 years of extensive experience in Marketing and Finance to his new role as Executive Director.
Executive Director Resignation
The board has accepted the resignation of Mr. Balkishan Udairam Toshniwal from his position as Executive Director, effective February 01, 2026. In his resignation letter dated January 23, 2026, Mr. Toshniwal cited advancing age and failing health as reasons for his departure.
| Departing Executive | Details |
|---|---|
| Name: | Mr. Balkishan Udairam Toshniwal |
| DIN: | 00048019 |
| Effective Date: | February 01, 2026 |
| Committee Positions: | Audit Committee, Stakeholders Relationship Committee, Executive Committee |
Consequent to his resignation, Mr. Toshniwal will cease to be a member of the Audit Committee, Stakeholders Relationship Committee, and Executive Committee. The board has waived the standard three-month notice period due to his health concerns.
Meeting Details
The board meeting commenced at 4:00 PM and concluded at 5:30 PM on January 27, 2026. The company has filed the requisite intimations with BSE Limited (Scrip Code: 513121) and National Stock Exchange of India Limited (Symbol: ORICONENT) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
All appointments are subject to approval by the shareholders of the company and represent a strategic move to strengthen the organization's leadership structure across key functional areas.
Historical Stock Returns for Oricon Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.30% | +1.55% | +9.16% | +23.38% | +66.34% | +179.75% |
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