Oricon Enterprises Limited has announced the signing of a Business Transfer Agreement (BTA) with Guala Closures (India) Private Limited for the sale of its business unit involved in the manufacturing, trading, and sale of Metal Crown Seals and Roll On Pilfer Proof Closures. This transaction will take place through a slump sale of the business undertaking located at MIDC Murbad, District Thane, Maharashtra.

The agreement was signed on August 8, 2025, and the deal is expected to complete on or before December 7, 2025, subject to shareholder approval, receipt of necessary consents, and fulfillment of conditions precedent. The enterprise value for this sale is set at ₹42.5 crore, payable at completion and subject to closing adjustments.

This metal closures business segment accounted for ₹110.46 crore in turnover, which is 20.75% of Oricon's total revenue, and contributed ₹44.12 crore or 5.46% of the net worth during the fiscal year ended March 31, 2025.

Oricon Enterprises, known for its diversified operations including metal crown seals, roll on pilfer proof closures, collapsible tubes, real estate, and investments, views this divestment as an opportunity to capitalize on the current business and explore new avenues for growth.

Guala Closures India, headquartered in Panaji, Goa, is a prominent manufacturer of bottle closures, making it a strategic buyer well-aligned with this acquisition.

The company has disclosed this development as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and continues to engage with shareholders and regulators to complete the transaction smoothly.

Investors and market watchers will be keen to observe how this sale influences Oricon’s future growth trajectory and financial position.

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