Dividend29 May 2026, 11:21 pm
Oricon Enterprises Recommends 10% Dividend (₹0.20/Share)
AI Summary
The Board of Directors of Oricon Enterprises Ltd. has recommended a dividend of 10%, which is ₹0.20 per equity share of ₹2 each, for the financial year ended March 31, 2026, subject to the approval of members at the 56th Annual General Meeting. The board also approved the audited standalone and consolidated financial statements for the same period and considered the re-classification of Promoters and Promoter Group to the 'Public' shareholders' category, subject to approvals from BSE, NSE, and shareholders. Additionally, the resignation of Mr. Sumant Mimani as an Independent Director was noted, leading to the reconstitution of various Board committees.
Key Highlights
- Oricon Enterprises recommends a dividend of ₹0.20 per share (10%) for FY26.
- Audited standalone and consolidated financial statements for FY26 approved.
- Promoter re-classification to 'Public' category approved, pending exchange approvals.
- Sumant Mimani resigned as Independent Director, effective May 29, 2026.
- Board committees reconstituted following Mimani's resignation.