Oricon Enterprises Limited has informed the Exchange regarding 'Re-Classification From Promoter And Promoter Group Category To Public Shareholders Category .'. Pursuant to Regulation 31 A(8) of the SEBI (LODR) Regulation,2015, it is hereby informed that the Company is in receipt of request letter from Members of Promoter and Promoter Group dated May 26, 2026 seeking re-classification from Promoter and Promoter Group category to Public Shareholders category.
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Oricon Enterprises has received re-classification requests from 17 members of its Promoter and Promoter Group, dated May 26, 2026, seeking to move out of the promoter category into the Public Shareholders category under SEBI Listing Regulations. The total shares being reclassified amount to approximately 68.64 lakh shares, representing about 6.22% of the company's share capital. The largest individual request comes from Sujata Parekh Kumar (3.23%), followed by Sarvanmangal Mercantile Company Limited (2.30%) and Varun Surendra Somani HUF (0.52%). Several entities hold zero shares but are still part of the reclassification request. The request will be placed before the board at its scheduled meeting on May 29, 2026, after which further regulatory steps will follow.
If approved, this reclassification will reduce the company's disclosed promoter group holding and may alter the perceived control structure and free float of the stock, potentially impacting investor sentiment and regulatory thresholds.