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.

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.

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.

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.