Oricon Enterprises Limited — Important, 01-08-2025: General Updates

Oricon Enterprises' wholly-owned subsidiary, United Shippers Limited, has agreed to divest its entire stake in step-down subsidiary United Shippers Logistics Limited (USLL) for Rs. 100,000. Upon sale, USLL will no longer be a company subsidiary. For the last financial year, USLL reported a total revenue of Rs. 53,482 and a negative net worth of Rs. (6,04,837). This strategic move streamlines Oricon's group structure by divesting a non-material entity with minimal financial contribution and negative net worth.