Oricon Enterprises Reports Robust Q1 FY2026 Results with 163.5% Revenue Surge Aug 18, 2025
More news about Oricon Enterprises
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.