ORICON ENTERPRISES LTD.-$

Oricon Enterprises Ltd has announced the re-appointment of Mr. Shravan Kumar Malani as an Independent Director for a second term of five consecutive years, effective November 12, 2026, through November 11, 2031. This decision was made by the Board of Directors, subject to shareholder approval, based on the recommendation of the Nomination and Remuneration Committee. Mr. Malani holds an M.S. in Computer Science from Fitchburg State College and is not related to any other directors. He is not debarred from holding a director's office by any regulatory authority.

Oricon Enterprises Ltd announced the re-appointment of Mr. Shravan Kumar Malani as an Independent Director for a second term of five consecutive years, effective November 12, 2026, through November 11, 2031. This decision was made by the Board of Directors, subject to shareholder approval, based on the recommendation of the Nomination and Remuneration Committee. Mr. Malani holds an M.S. in Computer Science and is not related to any other directors. He is not debarred from holding a directorship by any regulatory authority.

Oricon Enterprises Ltd has announced a Board of Directors meeting scheduled for July 12, 2026. The primary agenda items include the consideration and approval of standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, and the determination of the date for the 56th Annual General Meeting. Additionally, the trading window for directors, promoters, designated persons, and their immediate relatives will remain closed until 48 hours after the declaration of the financial results, in compliance with SEBI regulations.

Oricon Enterprises Limited has divested its entire equity shareholding in Oriental Containers Limited, a non-material subsidiary. The transaction was completed on July 8, 2026, with Oriental Containers Limited ceasing to be a subsidiary. The sale consideration amounted to ₹3,99,950. The buyers include several individuals and Venkatesh Karriers Limited, all belonging to the promoter and promoter group, except for two individuals. The transaction is classified as a related party transaction conducted at arm's length. Oriental Containers Limited reported NIL revenue and a net worth of ₹3,37,677 for the last financial year ending March 31, 2026.

Oricon Enterprises Ltd has announced the closure of its trading window for the quarter ended June 30, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut for directors, promoters, designated persons, and their immediate relatives, as well as specified connected persons. It will reopen 48 hours after the declaration of the unaudited standalone and consolidated financial results for the said quarter. The date of the board meeting to approve these results will be communicated separately.

Oricon Enterprises Ltd has provided additional information regarding the resignation of its Independent Director, Mr. Sumant Mimani. The company confirmed that Mr. Mimani holds no other directorships in listed entities and that there are no other material reasons for his resignation beyond those previously stated. Additionally, Oricon Enterprises Ltd corrected a typographical error in the composition of its Nomination & Remuneration Committee (NRC), clarifying that Mr. Shravan Kumar Malani, not Mr. Bal Mukand Gaggar, is a member.

Oricon Enterprises Ltd has submitted applications to the BSE and NSE seeking no-objection for the reclassification of certain individuals and entities from the 'Promoter and Promoter Group' category to the 'Public' category. This follows a Board Meeting approval on May 29, 2026. The individuals and entities, including Mr. Surendra Somani, Mr. Varun Somani, and several others, hold varying, mostly nominal, shareholdings in the company. The applications are made in accordance with regulation 31A(8)(c).

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.

Oricon Enterprises Ltd's board approved the request for re-classification of certain promoters to the 'Public' shareholders category, subject to BSE, NSE, and shareholder approvals. The board also approved audited financial statements for the year ended March 31, 2026, recommended a dividend of ₹0.20 per share, and noted the resignation of Independent Director Mr. Sumant Mimani, leading to reconstitution of various board committees.

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.