Oricon Enterprises Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2025
ORICONENT · price
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Oricon Enterprises has called its 55th Annual General Meeting on September 25, 2025 at 1:00 PM via video conferencing, along with the release of its FY2024-25 Annual Report. The Board is recommending a dividend of Rs. 0.50 per equity share (25%), totalling about Rs. 7.85 crore, subject to shareholder approval. On a standalone basis, net profit jumped sharply to Rs. 132 crore from Rs. 11.84 crore in the previous year, while consolidated net profit rose to Rs. 139.22 crore from Rs. 30 crore, boosted significantly by a Rs. 123.14 crore profit from a slump sale of a discontinued business. The company has also signed deals to sell its Murbad plant to Guala Closures for Rs. 42.50 crore and its Khopoli petrochemical assets to Narendra Plastochem for Rs. 19 crore. Other AGM items include the re-appointment of Mr. Varun Somani as director and the appointment of a new secretarial auditor for five years.
Shareholders stand to benefit from the resumed dividend and a strong turnaround in profitability, though a large portion of the profit boost came from a one-time slump sale rather than core operations, so the underlying business recovery may be more modest than the headline numbers suggest.