Balkishan Udairam Toshniwal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
ORICONENT · price
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Awaiting price reaction for this filing.
Balkishan Udairam Toshniwal, on behalf of all promoters and promoter group of Oricon Enterprises, has submitted the annual declaration required under SEBI Takeover Regulations. As of March 31, 2025, the promoter group holds 10,31,86,309 shares, representing 65.704% of total shares. The key declaration is that all these shares are completely free from any encumbrance — no promoter or related entity has pledged any shares either directly or indirectly during the financial year. The promoter group is widely distributed across 35+ individuals, HUFs, trusts, and entities, with the two largest being partnership firms associated with Rajendra Somani (21.127%) and Susheel Somani (10.061%).
This is a routine annual compliance filing and carries a mildly positive signal — promoters have not pledged any of their shares, meaning there is no risk of forced selling or margin call pressure from pledged holdings. Shareholders can take comfort that the controlling family remains fully unencumbered on their 65.7% stake.