Promoter Reclassification27 May 2026, 11:03 am
Oricon: Promoters Seek Reclassification to Public Category
AI Summary
Oricon Enterprises Ltd has received requests from several members of the Promoter and Promoter Group, including Surendra Somani, Varun Somani, and Sarvanmangal Mercantile Company Limited, to be reclassified as "Public" shareholders. The requests, dated May 26, 2026, involve a total of 17 individuals and entities. The board will consider these re-classification letters in its upcoming meeting on May 29, 2026, and take further action as per SEBI regulations.
Key Highlights
- Promoters and promoter group members request reclassification to 'Public' category.
- Requests received on May 26, 2026, involve multiple individuals and entities.
- Board to consider reclassification requests in meeting on May 29, 2026.
- Reclassification is sought under SEBI (LODR) Regulations, 2015.
Price Impact
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