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Latest news about Oricon Enterprises

Oricon Enterprises Completes Sale of Thane Manufacturing Unit for ₹2.38 Crores 9 days ago

Oricon Enterprises Limited has successfully completed the divestment of its aluminium collapsible tubes manufacturing facility located in Thane, Maharashtra, selling it to Precise Multitube Packaging for a total consideration of ₹2.38 crores. The transaction, disclosed under SEBI regulations, involved a manufacturing unit that contributed ₹17.79 crores in turnover during FY25, representing 3.34% of the company's total revenue and 3.11% of net worth contribution.

Oricon Enterprises Approves Asset Sale for Aluminium Tube Production in Thane Dec 29, 2025

Oricon Enterprises Submits Postal Ballot Results for Independent Director Re-appointment Dec 27, 2025

Oricon Enterprises Divests Metal Crown Seals and Roll-On Pilfer-Proof Closures Business to Guala Closures India Nov 04, 2025

Oricon Enterprises Completes Asset Transfer of Maharashtra Petrochemical Unit Oct 15, 2025

More news about Oricon Enterprises

17Sept 25

Oricon Enterprises Shareholders Overwhelmingly Approve Sale of Metal Crown Seals Business

Oricon Enterprises Limited received 99.99% shareholder approval for the sale of its Metal Crown Seals and Roll On Pilfer Proof Closures business to GUALA CLOSURES (INDIA) PRIVATE LIMITED. The special resolution passed through a postal ballot on September 16, 2025, with 100,580,394 votes polled out of 157,047,715 shares. The transaction involves a complete transfer of the business segment as a slump sale on a going concern basis. Promoter group and public non-institutional shareholders showed strong support, while public institutions did not participate in the voting.

12Sept 25

Oricon Enterprises Promoter Group Slashes Stake in Major Off-Market Transaction

Oricon Enterprises Limited reported a significant reduction in promoter group shareholding through an off-market transaction. The promoter group's stake dropped from 11.93% to 2.96%. Key promoters including Namrata Somani, Surendra Somani, and Varun Somani reduced their holdings to zero, while Vandana Somani retained a 0.01% stake. Corporate entities within the group adjusted their holdings, with Oriental Enterprises Limited increasing its stake to 2.30%. The company's equity share capital increased from INR 3,141.49 lakhs to INR 3,414.49 lakhs. This disclosure was made in compliance with SEBI regulations.

08Sept 25

Adarsh Somani Boosts Stake in Oricon Enterprises to 10.05% Through Off-Market Deal

Adarsh Somani has increased his personal stake in Oricon Enterprises from 2.68% to 10.05% through an off-market acquisition of 11,569,000 shares (7.37%). This transaction has elevated the promoter group's total holding from 30.60% to 40.39%. The company's equity share capital has consequently increased from INR 3,141.49 lakhs to INR 3,414.49 lakhs. Other key promoter shareholders include Hazarimal Somani Partnership Firm (23.55%), Mridula Somani (3.19%), and Nupur Somani (1.19%). The transaction was disclosed in compliance with SEBI regulations.

25Aug 25

Adarsh Somani and Associates to Acquire 10.31% Stake in Oricon Enterprises

Adarsh Somani, Hazarimal Somani Partnership Firm, and others are set to acquire a 10.31% stake (1.61 crore shares) in Oricon Enterprises Limited on September 1, 2025. The acquisition, priced at Rs 54.54 per share or market price, involves both purchases and gifts from eight entities. This move aims to resolve family disputes, settle business partition inequalities, and preserve family honor. Post-transaction, the acquirer group's stake will increase to 40.91%, while the seller group's will decrease to 1.61%. The acquirers have committed to comply with all SEBI regulations regarding the acquisition.

18Aug 25

Oricon Enterprises Reports Robust Q1 FY2026 Results with 163.5% Revenue Surge

Oricon Enterprises Limited announced impressive Q1 FY2026 results. Consolidated total income grew 68.6% to ₹659.48 crore. The company turned profitable with a net profit of ₹128.17 crore, compared to a loss in Q1 FY2025. Standalone performance showed 163.5% growth in total income to ₹400.27 crore and 151.3% increase in net profit to ₹182.14 crore. Earnings per share improved significantly in both standalone and consolidated results.

14Aug 25

Oricon Enterprises Reports Profit Surge and Strategic Business Sale in Q1 FY2026

Oricon Enterprises Limited reported a significant turnaround in Q1 FY2026, with standalone revenue increasing by 17.36% to Rs 3,444.72 lakhs and profit after tax from continuing operations reaching Rs 683.75 lakhs. Consolidated profit after tax stood at Rs 1,231.30 lakhs. The company announced the sale of its Metal Crown Seals and Roll On Pilfer Proof Closures business to Guala Closures (India) Private Limited for Rs 4,250.00 lakhs, subject to adjustments. The packaging segment remains the primary revenue driver, generating Rs 3,431.61 lakhs in Q1. The company is also divesting its Petrochemical Unit, which reported a loss before tax of Rs 67.34 lakhs for the quarter. The 55th Annual General Meeting is scheduled for September 25, 2025.

12Aug 25

Oricon Enterprises Seeks Shareholder Approval for Rs 42.50 Crore Business Sale to Guala Closures

Oricon Enterprises Limited has issued a postal ballot notice for shareholder approval to sell its Metal Crown Seals and Roll On Pilfer Proof Closures business to Guala Closures (India) Private Limited. The deal, valued at Rs 42.50 crore, is structured as a slump sale and includes manufacturing, trading, and sales operations from a plant in Maharashtra. E-voting is scheduled from August 18 to September 16, 2025. The Board views this as an opportunity to capitalize on continuing business operations and explore new growth avenues.

08Aug 25

Oricon Enterprises to Sell Metal Crown Seals Business for Rs 42.50 Crores

Oricon Enterprises has signed a business transfer agreement with Guala Closures (India) to sell its metal crown seals and roll-on pilfer-proof closures manufacturing business for Rs 42.50 crore. The unit being sold contributes 20.75% to Oricon's turnover and 5.46% to its net worth. The sale, structured as a slump sale, is expected to complete by December 07, subject to shareholder and regulatory approvals. Oricon states the sale aims to capitalize on business and explore new growth opportunities.

07Aug 25

Oricon Enterprises to Divest Metal Crown Seals Business in Maharashtra

Oricon Enterprises Limited's Board of Directors has approved the sale of its metal crown seals and roll-on pilfer-proof closures manufacturing business in MIDC Murbad, Maharashtra. The sale will be conducted as a slump sale, pending shareholder approval via postal ballot. Managing Director Adarsh Somani and Executive Director B. K. Toshniwal are authorized to execute necessary agreements. The company has informed stock exchanges in compliance with SEBI regulations. Further details will be provided upon agreement execution.

01Aug 25

Oricon Enterprises' Subsidiary to Divest Entire Stake in United Shippers Logistics

Oricon Enterprises' subsidiary, United Shippers Limited, has agreed to sell its entire stake in United Shippers Logistics Limited (USLL) to Alfalal Shipping Private Limited for Rs. 1,00,000. The sale involves 10,000 equity shares and is expected to be completed by August 20, 2025. USLL will no longer be a step-down subsidiary of Oricon Enterprises after the transaction. USLL reported a total revenue of Rs. 53,482.00 and a negative net worth of Rs. 6,04,837.00 for the financial year ending March 31, 2025.

23Jul 25

Oricon Enterprises Shareholders Approve Key Resolutions, Including MD Reappointment

Oricon Enterprises Limited secured shareholder approval for four resolutions through a postal ballot. Shareholders approved the reappointment of Mr. Adarsh Somani as Managing Director for a five-year term from June 1, 2025, to May 31, 2030, with 99.98% votes in favor. Three related party transactions were also approved, allowing Mr. Susheel G. Somani, Mr. Hridai Somani, and Mr. Sharad Toshniwal to hold office or place of profit in the company. The e-voting process, facilitated by NSDL, saw high approval rates ranging from 99.98% to 99.99% for all resolutions.