Date: July 09, 2026
Disinvestment / Strategic Actions
Oricon Enterprises Limited has sold its entire equity shareholding in Oriental Containers Limited, a non-material subsidiary, on July 8, 2026. Consequently, Oriental Containers Limited ceased to be a subsidiary effective July 8, 2026.
Financial Details of Divested Subsidiary:
- Total revenue including other income for FY ending March 31, 2026: ₹NIL
- Net worth as of March 31, 2026: ₹3,37,677
Transaction Details:
- Transaction completion date: July 8, 2026
- Consideration received: ₹3,99,950 (Rupees Three Lakh Ninety Nine Thousand Nine Hundred Fifty Only)
Buyer Details:
1. Adarsh Somani
2. Mridula Somani
3. Nupur Somani
4. Yashh Somani
5. Krrish Somani
6. Venkatesh Karriers Limited
7. Hazarimal Somani (Partnership Firm)
Related Party Aspects:
- All buyers belong to the promoter and promoter group, except Yashh Somani and Krrish Somani.
- The transaction falls within related party transactions but was conducted at "arms-length".
Regulatory Context:
- Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Follows earlier intimation dated May 29, 2026