Oricon Enterprises Limited
Incorporated in 1968, Oricon EnterprisesLtd manufactures petrochemical products, trading, liquid colorants and real estate, preform, metal and plastic closures
What Oricon files
- Others59
- Important10
- Updates9
- Board Meeting9
- Insider Trade6
- Dividend/Bonus3
Oricon Enterprises sold its non-material subsidiary, Oriental Containers, for Rs 0.04 Cr. The subsidiary reported NIL revenue and Rs 0.034 Cr net worth. This move streamlines Oricon's business structure.
Oricon Enterprises applied to exchanges to re-classify 17 shareholders from promoter to public category. This shift impacts ~6.42% of total shares, potentially increasing the public float and liquidity.
Company board approved financial results for the quarter/year and proposed a 10% dividend (Rs. 0.20/share). It also approved selling an 80% stake in Oriental Containers and exiting Claridge Energy LLP. A key governance change is the approval for re-classification of some promoters to public shareholders.
Oricon Enterprises sold its 25% stake in associate Tecnocap Oriental for Rs 5.50 Cr. This divests an entity that contributed a Rs (0.75) Cr shared loss in the last fiscal year, impacting future financials.
Oricon Enterprises' Board approved selling its 25% stake (2,46,833 equity shares) in associate Tecnocap Oriental Private Limited. This strategic divestment is set to generate funds for the company.