Oricon Enterprises Ltd. — Capital/Financing Update 2021

May 18, 2021

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18[th] May, 2021

To To BSE Limited National Stock Exchange India Limited Floor 25, P J Towers, 5[th] Floor, Exchange Plaza, Bandra (E), Dalal Street, Mumbai – 400001 Mumbai – 400051

Sub: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

Scrip Code: BSE - 513121; NSE – ORICONENT

Dear Sir/Madam(s),

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that USL Shipping DMCEST, Dubai, Bulk Shipping Pte Ltd., Singapore are step down Subsidiary of the Company.

USL Shipping DMCEST, Dubai, has entered into an agreement to Sell shares of Bulk Shipping Pte Ltd., Singapore, The details as required are provided under ANNEXURE-I.

Consequent upon the said sale, Bulk Shipping Pte Ltd, Singapore shall cease to be a step down Subsidiary of the Company.

This is for your information and records. .

Thanking You,

Yours Sincerely

For Oricon Enterprises Limited

Digitally signed by SANJAY JAIN DN: c=IN, o=Personal, title=7741, pseudonym=83363ad3757d8f9093fda4f5 SANJAY 3591d654985aff9302ac06bd556ebb38ad cd0a2d, postalCode=400053, st=Maharashtra, serialNumber=d01e8b73f225108186f3e7 9923a3b855f0daab3ba3f0c0cf68711d926 JAIN a49fd32, cn=SANJAY JAIN Date: 2021.05.18 15:33:03 +05'30' Sanjay Jain Company Secretary

Regd. Office: 1076, Dr. E. Moses Road, P. B. No. 6584, Worli, Mumbai - 400018. Fax: +91-22 24963055 Phone: +91 - 22- 2496 4656 - 58, 4366 2200 E-mail: oclcont@ocl-india.com website: www.oriconenterprises.com CIN: L28100MH1968PLC014156

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ANNEXURE - I

USL Shipping DMCEST, Dubai which is wholly owned subsidiary of United Shippers Limited a subsidiary of the Company has entered into an Agreement to sell its entire stake of 25000 shares of face value of USD 1 each held in its wholly owned subsidiary Bulk Shipping Pte. Ltd., Singapore @USD 1.32 Per share.

Further, Bulk shipping Pte. Ltd. is not a material subsidiary as per the provisions of Section 180 of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

The particulars of transaction and other details as required are herein below:

S.No	Particulars	Company - Bulk Shipping Pte. Ltd., Singapore
A	The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year ending on 31st March, 2021.	Total revenue including other income: USD 46,27,368 Net worth: USD 461,703
B	Date on which the agreement for sale has been entered into	17thMay, 2021
C	The expected date of completion of Sale/disposal	18thMay, 2021
D	Consideration received from such sale/disposal	USD 33,000/-
E	Brief details of buyers	MOHD. SHAH NOWFAL, Dubai, U.A.E (76% Share) And, SHAMIL RAZACK, Dubai, U.A.E (24% Share)
F	Whether any of the buyers belong to the promoter/ promoter group/group companies. Ifyes, details thereof.	Not Applicable
G	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arms-length”	Not Applicable
H	Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale.	Not Applicable

Regd. Office: 1076, Dr. E. Moses Road, P. B. No. 6584, Worli, Mumbai - 400018. Fax: +91-22 24963055 Phone: +91 - 22- 2496 4656 - 58, 4366 2200 E-mail: oclcont@ocl-india.com website: www.oriconenterprises.com CIN: L28100MH1968PLC014156