Board Meeting Outcomes

The Board of Directors at their meeting held on Wednesday, August 12, 2026 (commenced at 5:30 PM, concluded at 7:15 PM):

1. Considered and approved un-audited Standalone & Consolidated Financial Results along with Segment-wise revenue, results and capital employed for the quarter ended June 30, 2026

2. Decided to convene the 56th Annual General Meeting on Tuesday, September 29, 2026 through VC/OAVM

3. Re-appointed, subject to shareholder approval, Mr. Shravan Kumar Malani (DIN: 00302995) as an Independent Director for a second term of 5 consecutive years from November 12, 2026 to November 11, 2031

Consolidated Financial Results (Q1 FY27)

Income Statement (₹ in lakhs):

  • Revenue from Operations: ₹719.27
  • Other Income: ₹3,840.67
  • Total Income: ₹4,359.94
  • Total Expenses: ₹2,289.14
  • Profit before Tax and Exceptional Items: ₹2,070.80
  • Share of Profit/(Loss) of Associate: Nil
  • Exceptional Items: Nil for current quarter (₹422.75 lakh gain in previous quarter)
  • Profit before Tax: ₹2,070.80
  • Total Tax Expense: ₹505.57
  • Profit after Tax from Continuing Operations: ₹1,565.23
  • Profit/(Loss) after Tax from Discontinued Operations: ₹(15.73)
  • Total Profit after Tax: ₹1,549.49
  • Other Comprehensive Income: ₹5,974.15
  • Total Comprehensive Income: ₹7,523.65

Key Metrics:

  • Paid-up equity share capital: ₹3,140.95 lakhs (Face Value ₹2 per share)
  • EPS from Continuing Operations (Basic): ₹1.00
  • EPS from Continuing Operations (Diluted): ₹1.00
  • EPS from Discontinued Operations (Basic): ₹(0.01)
  • EPS from Discontinued Operations (Diluted): ₹(0.01)
  • Total EPS (Basic): ₹0.99
  • Total EPS (Diluted): ₹0.99

Standalone Financial Results (Q1 FY27)

Income Statement (₹ in lakhs):

  • Revenue from Operations: ₹368.75
  • Other Income: ₹2,627.05
  • Total Income: ₹2,995.81
  • Total Expenses: ₹1,787.73
  • Profit before Tax: ₹1,208.08
  • Total Tax Expense: ₹352.34
  • Profit after Tax from Continuing Operations: ₹855.74
  • Profit/(Loss) after Tax from Discontinued Operations: ₹(15.73)
  • Total Profit after Tax: ₹840.00
  • Other Comprehensive Income: ₹4,357.05
  • Total Comprehensive Income: ₹5,197.05

Key Metrics:

  • EPS from Continuing Operations (Basic): ₹0.54
  • EPS from Continuing Operations (Diluted): ₹0.54
  • EPS from Discontinued Operations (Basic): ₹(0.01)
  • EPS from Discontinued Operations (Diluted): ₹(0.01)
  • Total EPS (Basic): ₹0.53
  • Total EPS (Diluted): ₹0.53

Subsidiaries and Associates

The consolidated financial results include:

1. Oricon Enterprises Limited (Parent)

2. United Shippers Limited (Subsidiary)

3. USL General Trading - FZE (Subsidiary of United Shippers Limited)

4. United Shippers Logistics Limited (Subsidiary of United Shippers Limited) - up to July 31, 2025

5. Reay Road Iron & Metal Warehousing Private Limited (Subsidiary)

6. Oriental Containers Limited (Subsidiary) - up to July 07, 2026

7. Claridge Energy LLP (Joint Controlled Entity)

8. Technocap Oriental Private Limited (Associate) - up to March 31, 2026

Exceptional Items

During the year ended March 31, 2026:

1. United Shippers Limited sold its subsidiary United Shippers Logistics Limited for ₹1 lakh consideration, recognizing gain of ₹17.44 lakh

2. Holding Company sold associate company Tecnocap Oriental Private Limited for ₹550 lakh consideration, recognizing profit of ₹422.75 lakh

Discontinued Operations

The company has classified several operations as discontinued under Ind AS 105:

1. Packaging Division (Goa and Khordha): Transferred on slump sale basis effective July 24, 2024

2. Petrochemical Unit (Raigarh, Maharashtra): Assets sold to Narendra Plastochem Private Limited for ₹2,010 lakhs, transferred October 15, 2025

3. Metal Crown Seals and Roli On Pilfer Proof Closures (Murbad): Sold to Guala Closures (India) Private Limited for enterprise value of ₹4,250 lakhs, completed November 03, 2025

4. Aluminium Collapsible Tube Division (Murbad): Assets sold to Precise Multitube Packaging for ₹238 lakhs, transferred December 31, 2025

Significant Transactions

  • Other expenses include ₹750.00 lakhs provision for doubtful old receivables for quarter ended June 30, 2026
  • Subsequent to quarter end, sold entire equity shareholding in Oriental Containers Limited on July 08, 2026 for consideration of ₹4 lakhs
  • Previous quarters include write-off of trade and other receivables aggregating to ₹608.75 lakhs (Q4 FY26) and ₹703.61 lakhs (FY26)

Segment Reporting

For quarter ended June 30, 2026:

  • Trading Segment Revenue: ₹719.27 lakhs
  • Trading Segment Results: Profit of ₹25.69 lakhs before tax and interest
  • Total Segment Assets: ₹1,32,096.03 lakhs
  • Total Segment Liabilities: ₹9,392.60 lakhs

Auditor Review

The unaudited financial results were reviewed by S G N & Co. Chartered Accountants (Firm Registration No. 134565W) who issued an unmodified review conclusion.