Oricon Enterprises Limited has notified stock exchanges about sanctioning the sale of assets in its aluminium collapsible tube manufacturing facility in Maharashtra. The process of ratifying the manufacturing facility sale was carried out with adherence to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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The Board of Directors made the decision at the board meeting held on December 29, 2025, from 3:15 PM to 3:50 PM. They reviewed and issued formal approval of the sale of assets belonging to the aluminium tube manufacturing unit situated at Plot No. A-2/9, MIDC Murbad, Thane district, Maharashtra.
The company mentioned in its regulatory filing that detailed disclosures required under SEBI norms will be provided upon the execution of the related agreements or the occurrence of the concerned event.
The approval of the divestment indicates the efforts of Oricon Enterprises to optimise its functions and rationalise its manufacturing portfolio. It also suggests a transition of strategy in manufacturing focus and resource deployment.
This is likely to enable operational restructuring and potential capital reallocation, keeping in compliance with the company’s broader strategic range for the improvement of work efficiency while focusing on primary business sectors.
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