Orient Press Limited Board Approves Disposal of Tarapur Factory Unit
Orient Press Limited has approved the proposal to sell or dispose of one of its manufacturing factories located in Tarapur, Maharashtra. The decision was made by the company's Board of Directors during a meeting held on August 25, 2026, and the transaction is subject to subsequent shareholder approval at the 38th Annual General Meeting.The factory slated for disposal is situated at Plot No. G-73, MIDC Tarapur Industrial Area in Boisar, District Palghar, Maharashtra. This action follows the company's previous intimation regarding the relocation and partial shifting of operations from this unit to the company's facility in Greater Noida, Uttar Pradesh, which was effective from June 2026.
The proceeds generated from the proposed sale are earmarked for various corporate purposes, including working capital requirements, future expansion programs, general business needs, and the repayment of partial working capital limits availed from Banks.
Transaction Details and Financial Snapshot
The unit being sold represents a material part of the company's operations. Key details regarding the unit's financial standing and the transaction are summarized below:| Metric | Unit Value | Company Consolidated Value |
|---|---|---|
| Net Worth (as on March 31, 2026) | Rs. 1917.61 Lakhs | Rs. 6452.03 Lakhs (29.72%) |
| Turnover (Financial Year 2025-26) | Rs. 673.39 Lakhs | Rs. 12813.94 Lakhs (5.26%) |
| Expected Consideration | Not less than Rs. 24 Crores | N/A |
The company confirmed that the transaction does not fall under related party dealings. While the buyer has not yet been finalized, the company has ensured that the potential purchaser will not be a promoter or belong to the promoter group.
The agreement for the sale is scheduled to be executed only after the proposal receives approval from the shareholders. The completion of the disposal is anticipated within six months of the shareholder's approval at the forthcoming 38th Annual General Meeting.
ORIENTLTD Stock Price Movement
Shares of Orient Press Limited are edging higher to ₹84.00 as of 3:14 PM today, having gained ₹1.50 or 1.82% in live trading. The stock has seen a volume of 1,717 shares so far during the current session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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