Oricon Enterprises on Wednesday announced the sale of assets of its aluminium collapsible tubes manufacturing unit located at MIDC Murbad in Thane district, Maharashtra, as part of a strategic asset divestment.
According to the company’s regulatory filing, Oricon Enterprises has entered into an asset purchase agreement on January 1, 2026, for the sale of the unit to Precise Multitube Packaging, a Nashik-based company. The total consideration for the transaction stands at Rs 2.38 crore, which has already been received by the company .
The aluminium collapsible tubes unit contributed turnover of Rs 17.79 crore during FY25, accounting for 3.34% of Oricon Enterprises’ total turnover. The unit’s net worth stood at Rs 25.11 crore, representing 3.11% of the company’s net worth as of March 31, 2025 .
The company clarified that the transaction does not involve any promoter or promoter group entities and does not qualify as a related-party transaction. Oricon Enterprises also stated that the deal does not fall under the category of a slump sale, as only assets have been sold .
The divestment follows the company’s earlier intimation to stock exchanges on December 29, 2025, and has been disclosed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations.
