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 ....
ORICONENT · price
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Oricon Enterprises has received re-classification request letters dated May 26, 2026 from 17 members belonging to the Promoter and Promoter Group, seeking to be moved to the Public shareholders category. The members include individuals such as Surendra Somani, Varun Somani, Namrata Somani, Vandana Somani, and entities like Parijat Shipping, Sarvanmangal Mercantile, and Sujata Parekh Kumar. The total shares involved are approximately 95.4 lakh shares, representing about 6.07% of the company's total share capital. Most individual members hold negligible or zero shares, while the largest holding is by Sujata Parekh Kumar at 50.78 lakh shares (3.23%). The request will be placed before the board on May 29, 2026 for further action.
If approved, this re-classification will reduce the official promoter holding in Oricon Enterprises by approximately 6%, which could alter the company's public shareholding pattern and may have implications for its continued listing compliance.