Oricon Enterprises Limited — Others, 12-08-2025: Shareholders meeting

Oricon Enterprises is seeking shareholder approval via postal ballot for the slump sale of its Metal Crown Seals and Roll On Pilfer Proof Closures business. This segment, including assets and assumed liabilities, will be transferred to Guala Closures (India) Private Limited for an enterprise value of 42.50 Cr. The e-voting period for this special resolution is currently active. Management states this transaction secures good value for the undertaking. The proceeds will support ongoing business operations and allow the company to pursue new growth opportunities, which management believes is in the best interest of shareholders.