Oricon Enterprises Limited has informed the Exchange regarding Resignation of Mr Varun Somani( DIN: 00015384) as directorship of the company w.e.f. March 17, 2026.
ORICONENT · price
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Mr. Varun Somani has resigned as a Director of Oricon Enterprises Limited, effective March 17, 2026. His resignation is pursuant to a Memorandum of Family Settlement dated September 1, 2025 executed among the promoters, covering shareholding and directorships across various listed and unlisted companies. He has also stepped down from the Board's Nomination and Remuneration Committee. Mr. Somani's contact details suggest an association with Kopran, indicating a group-company link.
This is a promoter-family-driven board change linked to a pre-existing family settlement and is unlikely to disrupt day-to-day operations. Shareholders may want to monitor related disclosures from promoter-group companies as the family settlement reshapes board composition across the group.