
Management Change29 May 2026, 11:11 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, including the Audit Committee, Stakeholder's Relationship Committee, Nomination & Remuneration Committee, Corporate Social Responsibility Committee, and Executive Committee. The Board also approved audited financial statements, recommended a dividend of ₹0.20 per share, and approved the re-classification of Promoters and Promoter Group.
Key Highlights
- Sumant Mimani resigned as Independent Director of Oricon Enterprises, effective May 29, 2026.
- Mimani ceases to be a member of key Board committees following his resignation.
- Board approved audited financial statements for the year ended March 31, 2026.
- A dividend of ₹0.20 per share was recommended, subject to shareholder approval.
- Re-classification of Promoters and Promoter Group approved, pending BSE/NSE approval.
Price Impact
More from ORICON