Corporate Governance29 May 2026, 11:21 pm
Oricon Enterprises: Sumant Mimani Resigns as Independent Director
AI Summary
Oricon Enterprises Ltd. announced the resignation of Mr. Sumant Mimani (DIN: 01251535) as an Independent Director, effective May 29, 2026. Consequently, he will cease to be a member of various board committees. The Board also approved audited financial statements for the year ended March 31, 2026, recommended a dividend of ₹0.20 per share, and approved the re-classification of certain promoters to the public category, subject to regulatory approvals.
Key Highlights
- Sumant Mimani resigned as Independent Director, effective May 29, 2026.
- Board approved audited financial statements for the year ended March 31, 2026.
- Dividend of ₹0.20 per share recommended for FY26, subject to shareholder approval.
- Re-classification of certain promoters to public category approved, pending regulatory approvals.
- Board reconstituted Audit, Stakeholders Relationship, Nomination & Remuneration, CSR, and Executive Committees.